HOUSING SLUMP?
No, no. Read this from MSN News today:
Sales of new homes perked up in July, while factory orders took off, raising hopes that the economy can safely weather the financial turmoil that has shaken Wall Street.
The Commerce Department reported this morning that new-home sales rose 2.8% in July, after falling 4% in June. The increase lifted sales to a seasonally adjusted annual rate of 870,000 units.
A second report showed that orders to factories for big-ticket goods jumped 5.9% in July, the most in 10 months.
Both reports were better than analysts' forecasts -- that home sales would fall and that factory orders would show just a 1% gain.
The south and southwest were leading the way again. Tyler Texas real estate is still strong!
Sales of new homes perked up in July, while factory orders took off, raising hopes that the economy can safely weather the financial turmoil that has shaken Wall Street.
The Commerce Department reported this morning that new-home sales rose 2.8% in July, after falling 4% in June. The increase lifted sales to a seasonally adjusted annual rate of 870,000 units.
A second report showed that orders to factories for big-ticket goods jumped 5.9% in July, the most in 10 months.
Both reports were better than analysts' forecasts -- that home sales would fall and that factory orders would show just a 1% gain.
The south and southwest were leading the way again. Tyler Texas real estate is still strong!
posted by John and Flo Martin at 11:12 AM
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