Market to Market

Economic Outlook: June 25, 2021

Jun 25, 2021  | Ep4645

Sales of existing homes fell for the fourth straight month as a limited supply and soaring prices kept many would-be buyers at bay. 

Orders for big-ticket manufactured goods rose for the 12th time in 13 months. The Commerce Department reported transportation orders were a big factor in the expansion.

Consumer spending was unchanged in May as incomes dropped for the second straight month as stimulus money wound down.

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