Today’s economic statistical releases:

A big surge in civilian aircraft pushed durable goods orders up 3.8%. Ex-transportation, orders rose 0.3%. On a year-over-year basis, orders were up 12.1% overall, and 7.2% ex-transportation.

Both personal income and personal spending rose by 0.1% in November.

New home sales rose 1.6% in November to a 315,000 annual unit rate. Over the last few months, sales have picked up modestly, but from a very low levels, and house prices have continued to decline,m down 3.8% last month to a median price of $214,100.

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Dale Franks
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