The Commerce Department released a report on Friday showing a sharp increase in U.S. new home sales in the month of January.
The report said new home sales spiked by 7.2 percent to an annual rate of 670,000 in January after soaring by 7.2 percent to a revised rate of 625,000 in December.
Economists had expected new home sales to rise to an annual rate of 620,000 from the 616,000 originally reported for the previous month.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.