Housing Mortgages Information

Economist Calls April U.S. Durable Goods Report “Awfully Strong”

The surprising 2.5% increase in April durable goods excluding transport as well as the 4.2% advance in core capital goods makes for a strong report that contrasts with the ISM manufacturing data, economists say.

Eric Lascelles, senior economics and rates strategist at TD Securities, said the release is an "awfully strong looking report," noting the while "most measures are still flirting around zero," there was also "substantial growth" in a few key components.