Durable goods orders rebound in May | Reuters

Durable goods orders rebound in May | Reuters.

This is exactly the type of activity we would expect to see when housing activity increases. New household formation first requires a house; then, our new household needs its own capital goods.

What sucks about the good housing news confirmed by the good durable goods news is that this Euro disaster is striking just as the United States is starting to get its economic act together.

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