Durable Orders; Initial Claims; Existing & New Home Sales

Summary: Durable orders plunge while initial claims surge. Existing home sales decline continues while new home sales hit a 17 year low.

Existing Home Sales Aug -2.2% at 4.91M vs 5.02M Full Report

Inside the number: Yoy -10.7%; inventory -4.6% at 10.4 vs 10.9 months; sales price -9.5%; West -23.9%.

SFR -1.4%; Yoy -9.6%; price -9.7%; inventory Yoy +7.5% at 10 months; condo +23.9% at 14 months.

Durable Orders Aug -4.5% vs +0.8% Full Report

Inside the number: ex transport orders -3% vs +0.1%; ex defense -5% vs +1.9%; machinery -6.2%;

transport -8.9%; motor vehicle -8.1%; non defense aircraft -38.1%; defense aircraft -12.5%

Capital goods -5.7%; non defense capital goods -7.5%; ex aircraft capital goods -2%

Initial Claims 09/20 +32K at 493K vs 461K Full Report

Inside the number: 4 week MA +16K at 462.5K; Continuing claims +63K at 3.542M; 4 week MA +28.25K at 3.489M. See states with an increase of 1K for the horrific bleed into trade and service.

New Home Sales Aug -11.5% at 460K vs 515K Full Report

Inside the number: Yoy -34.5%; YTD -36.2%; West -50%; Inventory +5.8%; Yoy +18.5% at 10.9 vs 10.3 months