Durable Goods Orders Rise by 5.2 Percent. S&P: Home Prices Plunge in November

Orders for Big-Ticket Manufactured Goods Jump by Largest Amount in 5 Months

WASHINGTON (AP) — Orders to factories for big-ticket manufactured goods soared in December by the largest amount in five months, welcome news for an economy buffeted by talk of recession.The 5.2 percent increase in orders was a surprise finish for the manufacturing sector at year’s end — a segment of the economy considered to have had a poor year.

Standard & Poor’s Index Shows Home Prices Dropping by a Record Amount in November

NEW YORK (AP) — U.S. home prices plunged by a record 8.4 percent in November, marking two years of slowing returns, according to a key index released Tuesday.The decline in the Standard & Poor’s/Case-Shiller 10-city composite home price index was the biggest year-to-year drop since a 6.7 percent decrease in October. The November performance was the 11th straight monthly decline. The index tracks prices of existing single-family homes in 10 metropolitan areas.

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