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Economy shows signs of improvement amid June gains
The Commerce Department reports durable goods orders rose 2.1 percent in June, the best since January, while new single family home sales climbed 4.7 percent to a record seasonally adjusted annual rate of 1.16 million. Existing home sales slipped 0.3 percent to 5.83 million, yet June remains among the top months. Mortgage rates fell to a 5.23 percent 30-year average, aiding sales as economists foresee continued strength despite some soft spots in communications equipment and metals.
MENTIONED IN THIS ARTICLE
Washington
Joel Naroff
Naroff Economic Advisors
Naroff
Commerce Department
U.S
America
Ment
National Association of Realtors
Michael Carliner
National Association of Home Builders
United States
Jerry Jasinowski
National Association of Manufacturers
Federal Reserve