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Indonesia News Portal for Traders | Financial & Business Updates

25 August 2025 21:10  |

US New-Home Sales Exceed Forecast Following Upward Revision

Sales of new US homes exceeded forecasts in July after an upward revision to the prior month, as prices eased and heavy incentives enticed more buyers off the fence.

Contract signings on new single-family homes ticked down to a 652,000 annualized rate after a revised 656,000 pace in June, according to a government report issued Monday. The median estimate in a Bloomberg survey of economists was a 630,000 pace.

Source : Bloomberg

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