PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Karen Lawrence who wrote (272743)	7/10/2002 3:49:16 PM
From: Neocon	Read Replies (1) of 769670

BUSINESS IN BRIEF Home Sales, Factory Orders Up New-home sales shot up 8.1 percent in May, the biggest advance in six months, as low mortgage rates motivated buyers. The larger-than-expected increase pushed up sales of new single-family homes to a seasonally adjusted annual rate of 1.03 million, a record monthly level, the Commerce Department reported. Separately, the nation's factories, hit hardest by last year's recession, saw fresh signs of improvement in May, with orders for costly manufactured goods rising 0.6 percent, the department said. The advance in orders of durable goods -- items expected to last at least three years -- came after a 0.4 percent increase in April. washingtonpost.com

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