re: retail sales us housing stocks crashing July gain much stronger than expected given unexpectedly strong gains in durable goods.
Autos rose 3.1% (expected) as both building materials and electronics rose 1.8%+.
Furniture showed a fifth consecutive month of gain.
Nondurable goods led by 2.5% gain at gas stations. Retail sales ex autos/gas at a strong 0.7%.
Non-store retailers (catalog and Internet based sales) rose 2.1% (15% yoy).
Starts Q3 off on a strong foot after the modest 2.5% gain in Q2 consumer spending.
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