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.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.