Here come new home sales ...

The Census Bureau will release data on new home sales at 10 a.m. ET.

Economists forecast that sales rose 1.6% at a seasonally adjusted annual rate of 560,000, according to Bloomberg.

Sales fell less than expected in May, by 6% at a rate of 551,000, although this could be revised in the upcoming data.

Despite the drop, the pace of new home sales in April and May stepped up from the average pace in the first quarter, helped by low mortgage rates.

More to come.