A huge drop in demand for cars, aircraft and other transportation equipment pulled down orders for so-called durable goods in August, the Census Bureau says.
Orders fell 13.2 percent, "the largest decrease since January 2009."
While the number of new homes sold in August was barely changed from July, the median sales price was up sharply, the Census Bureau and Department of Housing and Urban Development report. So the news adds to other recent signs, including Tuesday's report about higher home prices in major cities, of a recovering housing sector.
According to a new analysis of 2011 Census figures – a higher percentage of Coloradans are living in poverty than in 2007, before the economic recession began. Poverty rates in northern Colorado have remained steady.