WRAPUP 3-U.S. business investment, home sales show strength

Newswire

(Recasts, adds comment) WASHINGTON, July 27 (Reuters) - The U.S. economy is on a path of steady growth, data showed on Wednesday, with business investment strong and the housing market showing few signs of slowing. Orders for durable goods rose more than expected last month and a barometer of business spending rallied sharply. At the same time, sales of new single-family homes also beat forecasts, reaching a record high. However, the median new home price fell 5.5 percent, suggesting ...

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