U.S. new home sales fell 1.6% in May after surging in April to a seasonally adjusted annual rate of 915,000 units, the Commerce Department said Tuesday.
The sales pace in February, March and April was revised lower by a total of 84,000 units.
Economists had been expecting a decline to an annualized rate of about 930,000 new homes for May.
The consumer confidence index fell to 103.9 in June from 108.5 in May. It's the lowest since August.
Economists polled by MarketWatch were expecting a pullback to 105.
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