No. 912: New Orders for Durable Goods, Home Sales, Hurricane Economic Disruptions
Mixed Hurricane Impact on Economic Reporting
Likely Will Be of Substance in the Next Several Months,
Beginning with September 2017 Detail
Other than for August Industrial Production, Impact Has Been Negligible, So Far
Underlying Negative Economic Trends Should Not Be Altered Meaningfully
Net of Inflation and Gyrating Commercial-Aircraft Orders, Durable Goods Orders
Were Down by 9.2% (-9.2%) from Their Non-Recovered, Pre-Recession Peak
In Deepening Quarterly Contractions, August New- and Existing-Home Sales Were
Down Respectively by 59.7% (-59.7%) and 26.4% (-26.4%) from Pre-Recession Peaks
Six-Month-Smoothed Trends in Home Sales Have Turned Increasingly Negative,
Showing Low-Level, Non-Recovered, Faltering Stagnation