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Home and durable goods fall as tax law bites
Resales of existing homes and orders for durable goods plunged in January with the new tax law blamed. Existing home sales dropped 14.5 percent to a seasonally adjusted annual rate of 3.47 million, the steepest monthly drop since 1968, though year over year they rose 4.2 percent. Durable goods orders tumbled 75 percent to 102.11 billion amid weak activity, with defense demand offsetting some declines. Senators signaled action to aid Farm Credit System, which posted a loss of 1.9 billion last year and faces estimates up to 8 billion to restore health, as they moved to have legislation ready by the Easter recess.
MENTIONED IN THIS ARTICLE
U.S
National Association of Realtors
Association
Str
New York
NYSE
Ahrans
Anse Alcan
Pepsic
Abe Phzer
AMI
At&t
Amoco
Pilsbys Anheus
Uy Aurich
Vy Robins
Royld
E Saloma
Me Schimb
Sears
Bevrly
Singer
BrGas
SupMk S
Carligg
Chase
Exxon
FedEx
Xerox
Pierre R Sruth.& Co
AT Allied Corporation
Abs Glenfed
Alitel
My Central Bancorp
Emerson
First Bancorp
Tcrps
Fruchaof Buhlens Sf
Goodrich
TC Industries
H Kellej
Invacare Am
Lear Siegler WA
LCB Bancorp
Lilly Stone
LNB Bancorp Loews
Tame Lesco