A report released by the National Association of Realtors on Thursday unexpectedly showed a modest increase in U.S. existing home sales in the month of May.
NAR said existing home sales crept up by 0.2 percent to an annual rate of 4.30 million in May after tumbling by 3.2 percent to a revised rate of 4.29 million in April.
The uptick surprised economist, who had expected existing home sales to decrease by 0.6 percent compared to the 3.4 percent plunge originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.