Pending Home Sales

May 28, 2020 Pending home sales plunged 21.8% in April to 69 after having fallen 20.8% in March as dramatic measures to halt the spread of the corona virus  shut down the U.S. economy. Lawrence Yun, the Chief Economist for the National Association of Realtors said...

Durable Goods Orders

May 28, 2020 Durable goods orders plunged by 17.2% in April after having fallen 16.6% in March.  The imposition of the stringent measures put into place in mid-March to stop the spread of the corona virus as taken a serious toll on the manufacturing sector.  . Much of...

GDP

May 28, 2020 The preliminary estimate of first quarter GDP growth came in at -5.0% compared to an advance estimate of 4.8%.  January and February were relatively strong months and were consistent with a first quarter GDP growth rate of 2.0-2.5%.  But in the second...