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ID: 20893
Title: New-home sales, durable goods show strength (Reuters)
Description:

Homes under construction in a suburb of Chicago in a file photo. Sales of new U.S. homes rose 4.8 percent in December and prices climbed 1.2 percent as the number of homes on the market decreased, according to a government report on Friday showing some firming in the weakened housing sector. (John Gress/Reuters)Reuters - Sales of new U.S. homes rose more than expected in December while orders for durable goods climbed sharply, dimming prospects that the Federal Reserve may cut benchmark interest rates this year.
Category: Business/US Economy/
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Date Added: January 26, 2007 04:46:53 PM
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