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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

9 June 2026 21:15  |

US Home Sales Rise More Than Expected

Existing home sales in the United States surged 3.2% last month, reaching an annual rate of 4.17 million units, extending the recovery from a seven-month low in March.

This increase exceeded market expectations of 4.07 million units, despite persistently high mortgage rates and rising energy prices. Solid labor market performance also pushed long-term Treasury yields higher, supporting property market activity.

Sales rose most significantly in the South (3.2% to 1.96 million) and the Midwest (6.4% to 1.0 million), while increases were more moderate in the Northeast (2.2% to 0.46 million) and held steady in the West (0.75 million). Home inventories rose 3.3% from the previous month, reaching a 10-month high, equivalent to 4.5 months of supply based on the latest sales figures.

Source: Newsmaker.id

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