Some home builders are starting to figure out ways to adapt to shortages by stocking up and using alternative brands.
The decline's mostly down to slipping orders for airplanes, while the core number increased by almost the same amount as in June.
Orders for long-lasting items rose 0.8% in June. The data could reflect trends in inflation, automation and the economic recovery.
Despite disruptions caused by bad weather and limited semiconductor supplies, durable goods shipments are up 2% year-over-year.
Orders for big-ticket items are a rare economic bright spot. But many businesses that rely on in-person customers are hurting.
Capital goods orders in December dropped the most in eight months.
Orders for autos, metals and business machinery were all down.
Business orders for factory goods are not quite so robust as earlier this year, and that may show up in the numbers this month. But what’s not slowing down is consumer demand for manufactured stuff. Click the audio player above to hear the full story.
Is it pent-up demand or confidence in the economy? Either way, it's surprising.