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May 23, 2025
U.S. April New Home Sales - Stronger than most housing sector signals
May 23, 2025 2:16 PM UTC
April new home sales at 743k are surprisingly strong and in contrast to the majority of housing sector indicators that have recently shown signs of weakness. The suprise is however partially offset by a downward revision to March, to 670k from 724k, a number most though would not be matched in April
Preview: Due May 27 - U.S. April Durable Goods Orders - Aircraft to plunge, ex transport also seen lower
May 23, 2025 1:20 PM UTC
We expect April durable goods to fall by 9.0% after a 9.2% increase in March. The fall will be largely on a reversal a of a March surge in aircraft, but we expect a 0.3% decline ex transport, which would be the first fall since November 2024 and the steepest fall since January 2024.
Canada March Retail Sales rise, with autos strong and gasoline weak, April seen firmer
May 23, 2025 12:51 PM UTC
Canada’s 0.8% rise in March retail sales is slightly stronger than a 0.7% preliminary estimate made with February’s release, but the rise is more than fully explained by what was the first rise in three months for autos, possibly related to concerns about upcoming tariffs. Ex auto sales fell by