Here’s a look at the news and events that will shape housing and mortgage finance in the week ahead for DS News.
It’s a shortened market week for the Christmas holiday, but there are still a number of key metrics to look for this week.
On Tuesday the Federal Housing Finance Agency will release its house price index for the month of October. September’s report saw a 0.8 percent gain from August, and a 6.1 percent change on an annual basis. Analysts don’t expect much deviation from that range for October, and in fact there could be a TRID related bump owing to the increased interest in the run-up to TRID’s enactment in September.
Also on Tuesday, the National Association of Realtors will release its existing home sale numbers for November. Existing homes account for a larger share of the market than new homes and indicate housing market trends.
Existing home sales have been unpredictable on a monthly basis, but on an annual basis have seen steady growth.
On the other end of the home sales, new home sales will be reported on Wednesday by the U.S. Census for the month of November. New home sales have likewise seen volatile monthly performance on a monthly basis, and have been on the downslope since September.
Markets will be closed on Friday.