Financial indicators mixed

Friday, Oct. 25, 2002 | 9:58 a.m.

U.S. home sales surged last month, heading toward a record year, new statistics showed today. But orders for communications equipment, machinery and aircraft slumped, suggesting the economy is still struggling to regain momentum.

Existing single-family homes sold at a 5.4 million-unit annual rate in September, up 1.9 percent from August, the National Association of Realtors said. Sales of new homes rose 0.4 percent to a record 1.02 million rate, the Commerce Department said.

Orders for big-ticket durable goods dropped 5.9 percent to $167.6 billion, the lowest total since June, the Commerce Department also said.

Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (1 Comment)

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