U.S. New Home Sales Rebound More Than Expected In June

New home sales in the U.S. showed a substantial rebound in the month of June, according to a report released by the Commerce Department on Wednesday. The Commerce Department said new home sales spiked by 7.0 percent to an annual rate of 646,000 in June after plunging by 8.2 percent to a revised rate of 604,000 in May.Original Article