A report released by the Commerce Department on Wednesday showed a notable pullback in new home sales in the U.S. in the month of June.
The Commerce Department said new home sales slumped by 2.5 percent to an annual rate of 697,000 in June after surging by 6.6 percent to a downwardly revised rate of 715,000 in May.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.