Wednesday: Existing Home Sales

by Bill McBride on three/21/2017 05:41:00 PM

First, I anticipate present residence product sales to be underneath consensus tomorrow. See: Existing Home Sales: Take the Under
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage purchase functions index.
• At 9:00 AM, FHFA House Worth Index for January 2017. This was initially a GSE solely repeat product sales, however there could also be moreover an expanded index.
• At 10:00 AM, Current Residence Product sales for February from the Nationwide Affiliation of Realtors (NAR). The consensus is for 5.55 million SAAR, down from 5.69 million in January. Housing economist Tom Lawler expects the NAR to report product sales of 5.41 million SAAR in February.
• In the midst of the day: The AIA's Construction Billings Index for February (a primary indicator for industrial precise property).
S&P 500
Here is a graph (click on on on graph for greater image) from Doug Short and divulges the S&P 500 given that 2007 extreme. At current is that little blip on the end.
Additional graphs proper right here: S&P 500 Snapshot: Biggest Loss in Five Months