New home sales in the U.S. unexpectedly showed a sharp increase for the second consecutive month in November, according to a report released by the Commerce Department on Friday.
The report said new home sales surged by 5.8 percent to an annual rate of 640,000 in November after soaring by 8.2 percent to a revised rate of 605,000 in October.
Economists had expected new home sales to tumble by 5.1 percent to an annual rate of 600,000 from the 632,000 originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.