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The Week Ahead

shutterstock_635375276This week the New Home Sales and Construction Price Indexes is set to release, which measures the number of newly constructed homes with a committed sale during the month. In August, sales of new single-family homes were at a seasonally adjusted rate of 560,000, according to the Census Bureau’s monthly new residential sales report released in late September.

The seasonally-adjusted estimate of new houses for sale at the end of August 2017 was 284,000, representing a supply of 6.1 months at the current sales rate. The Index is scheduled to releases on Wednesday at 10 a.m EST.  

Also to be released this week:

  • The Fed’s Balance Sheet is scheduled to release Thursday at 4:30 p.m. EST
  • The Bloomberg Consumer Comfort Index is scheduled to release Thursday at 9:45 a.m. EST
  • The FHFA House Price Index is scheduled to release Wednesday at 10:00 a.m. EST

About Author: Dean Terrell

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