Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand

Orders for long-lasting items and the variety of homes going beneath contract within the U.S. each rose final month, indicators that demand is holding up as financial progress slows.

Orders for sturdy items rose 0.7% in May, pushed by will increase in big-ticket gadgets together with vehicles, computer systems and navy plane. The pending dwelling gross sales index, an indicator of dwelling gross sales primarily based on contract signings, additionally rose 0.7% on the month to 99.9, the National Association of Realtors mentioned.