A report released by the National Association of Realtors on Thursday unexpectedly showed a modest increase in pending home sales in the U.S. in the month of June.
NAR said its pending home sales index rose by 0.3 percent to 76.8 in June after tumbling by 2.5 percent to a revised 76.6 in May.
Economists had expected pending home sales to decrease by another 0.5 percent compared to the 2.7 percent slump originally reported for the previous month.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.