Thursday, April 26, 2007

Durables up, home sales disappointing

Durables orders up, home sales disappoint (Reuters)

File photo of construction laborers building homes in Woodridge, Illinois, a suburb of Chicago, April 16, 2004. Sales of new U.S. homes rose 2.6 percent in March but fell short of the pace expected by analysts while the number of new homes for sale was little changed, according to a government report on Wednesday. (John Gress/Reuters)Reuters - New orders for costly and long-lasting U.S.-made goods rose a surprisingly strong 3.4 percent in March, according to a government report on Wednesday that showed businesses investing to expand operations.


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