U.S. Economy: Goods Orders, Pending Home Sales Rise

Orders for U.S. capital goods rebounded in August and pending sales of existing homes climbed for a second month, showing the recovery is stabilizing after a second-quarter slowdown.

Bookings for non-military capital goods excluding planes increased 5.1 percent, the biggest gain since March, the Commerce Department said today in Washington. The number of contracts to buy previously owned houses rose 4.3 percent, topping the median forecast of economists surveyed by Bloomberg News, data from the National Association of Realtors showed.