Futures News – New Homes Sales rebound sharply.

    NEW YORK, July 26 (Reuters) – Sales of new U.S.
single-family homes rebounded strongly in June from the prior
month’s record low, government data showed on Monday, driving
the number of houses on the market to their lowest level in
nearly 42 years.
    KEY POINTS:
*   The Commerce Department said sales jumped 23.6 percent to a
330,000 unit annual rate from a downwardly revised 267,000
units in May.  The sales pace last month was still the second
lowest since records started in 1963.
*   The percentage increase was the largest increase since May
1980, and partially unwound the prior month’s historic 36.7
percent decline.
*   Analysts polled by Reuters had forecast new home sales
rising to a 320,000 unit pace last month from May’s previously
reported 300,000 units.