Durable good orders unexpectedly rose 3.4% in February, versus the expected drop of 2.5% but January's decline was revised sharply lower. Ex-transportation, orders jumped 3.9%, versus the forecast of a 2.0% decline. January was also revised much lower.
New home sales for January rose 4.7% month-over-month to 337,000 units on an annualized rate, better than the expectation of a fall of 2.9% to 300,000 units. Year-over-year, new home sales fell 41%. More from Bloomberg...
