According to Reuters, U.S. new home sales have rebounded, but trend weakening.<br />In August, after two straight monthly declines,US new home sales have rebounded, but the underlying trend still points to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.<br />Economists expect small gains in new homes sales in the coming months, but they also believe the overall housing market has likely peaked.<br />The housing market is lagging a robust economy, with data last week showing sales of previously owned homes flat in August and building permits hitting a more than one-year low. <br />
