No. 808: April Durable Goods Orders, Home Sales, Household Income
Downwardly-Benchmarked Durable Goods Orders
Remained in Smoothed, Low-Level, Stagnant Non-Recovery,
Both With and Without Commercial Aircraft Orders
Headline Jump in April New Orders Was Due Primarily to a
64.9% Surge in Irregular, Long-Term Commercial Aircraft Orders
Despite a Nonsensical 16.6% Monthly Surge in New-Home Sales,
Activity Remained 55.4% (-55.4%) Shy of Pre-Recession Recovery,
While the Smoothed Series Continued in Low-Level Stagnation
Still 25.0% (-25.0%) Shy of Pre-Recession Recovery,
Existing-Home Sales Are in Smoothed, Down-Trending Stagnation
April Real Median Household Income Eased to a Five-Month Low