Durable goods orders for April came in higher than expected at +0.8% (consensus -0.7), thanks to transportation which rose +2.3% following April’s jump of +5%. Excluding transportation, durable goods edged up +0.1% following the 2.9% spike in the prior month. The FHFA House Price Index rose +0.7% in March vs. +0.6% prior. The House Price Purchase Index met expectations posting gains of +1.3%. The S&P/Case-Shiller Index posted gains of 166.80 vs. 165.35 prior (+10.35% YoY).
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