Durable goods orders were unchanged in May but were revised downward in April. Analysts had expected no change. Ex-transportation, orders fell 0.9%, versus the consensus of a 1.0% decline. April’s increase was revised lower.
New home sales fell 2.5% to an annual rate of 512,000, matching expectations. April was revised upward from 3.3% to 4.8%. New home sales have been nearly flat since March.
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