India, July 24 -- A report released by the Commerce Department on Friday showed new home sales in the U.S. rebounded in the month of June after falling sharply in the previous month.
The Commerce Department said new home sales jumped by 1.6 percent to an annual rate of 628,000 in June after tumbling by 4.3 percent to a revised rate of 618,000 in May.
Economists had expected new home sales to surge by 5.2 percent to an annual rate of 610,000 from the 580,000 originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....