Thursday: New Home Sales, Unemployment Claims

by Bill McBride on three/22/2017 06:32:00 PM

The warmer local weather almost certainly didn't have an effect on February current dwelling product sales, because of current dwelling product sales are counted when the contract closes. However the good and comfy February may need boosted New Home product sales since new dwelling product sales are counted when contracts are signed – and there have been almost certainly additional people out attempting in some components of the nation with the warmer local weather.
Thursday:
• At eight:30 AM ET, The preliminary weekly unemployment claims report will be launched. The consensus is for 240 thousand preliminary claims, down from 241 thousand the sooner week.
• At eight:45 AM, Speech by Fed Chair Janet L. Yellen, Opening Remarks, On the 2017 Federal Reserve System Group Progress Evaluation Conference, Washington, D.C.
• At 10:00 AM, New Home Product sales for February from the Census Bureau. The consensus is for an increase in product sales to 565 thousand Seasonally Adjusted Annual Cost (SAAR) in February from 555 thousand in January.
• At 11:00 AM, the Kansas Metropolis Fed manufacturing survey for March.