New home sales fell for the fifth straight month by 8.5% to an annual pace of 526,000, worse than the forecast of a 1.7% decline. New home sales remain in a steady downward trend.
Durable goods orders fell 0.3% in March, versus the forecast of a 0.1% rise. Ex-transportation, orders were up 1.5%, topping the estimate of a 0.5% increase, as transportation fell 4.6%. Orders picked up in March for many products, including machinery and electronics. More from Bloomberg...
