US new home sales rebound much less than expected in June

NAMPA / DPA

2025-07-24

Washington (dpa-AFX) - After reporting a steep drop in new home sales in the US in the previous month, the Commerce Department released a report on Thursday showing a modest rebound in new home sales in June. The Commerce Department said new home sales rose by 0.6% to an annual rate of 627,000 in June after plummeting by 11.6% to a rate of 623,000 in May. Economists had expected new home sales to jump by 4.3% to a rate of 650,000. "June new home......

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