Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts
on 1 Jun 2013

A slew of data about the housing market will be the focus of economic news in this holiday-shortened week.

Tuesday

The Standard & Poor's/Case-Shiller home-price index for December is scheduled to be released, and forecasters expect it to show that prices edged down 0.5 percent in 20 major cities. The index is calculated using a moving average of the previous three months, and captures when home sales close, not when contracts are agreed to. That means an expected dip in home prices - analysts predict a 2.3 percent drop in the year ended in January - should reflect the autumn lull in the economy. The question is whether the improved economic outlook over the past few months will translate into a firming up of home prices in early 2011.

Wednesday

The National Association of Realtors plans to release data on existing-home sales, which are expected to show that the pace of transactions edged down 1.5 percent in January, following a steep 12.3 percent rise in December. Even if the projection of a slight January dip proves accurate, it will be only a slight reversal of December's gains.

Thursday

Two more pieces of housing data before the weekend: The Commerce Department's new home sales data is expected to show an 8.8 percent decline in the pace of home purchases in January. It's not as bad as it sounds; it would represent only a partial reversal of a 17.5 percent gain in December.

And the Federal Housing Finance Agency is releasing its home-price index, which is expected to be unchanged.

Also Thursday, orders for durable goods are expected to show a rise of 3 percent. However, analysts expect orders for non-defense capital goods excluding aircraft, a less volatile measure of trends in business investment, to have fallen 0.9 percent.

Friday

The Commerce Department is expected to revise its fourth-quarter gross domestic product estimate from 3.2 percent to 3.3 percent.

- Neil Irwin

Neil's Must Reads

How has Tim Geithner gone from being the most-attacked public servant in town to last man standing among President Obama's economic team? Noam Scheiber has the story in The New Republic. And the McKinsey Global Institute has a new report on the productivity gains the United States will need to maintain its global economic edge.

Find links at washingtonpost.com/mustreads


View the original article here

Popular post

Labels

About (28) Actress (3) Addicts (1) Adjust (8) adsense (2) adult (1) Suzuki (1) Swift (2) swimwear (5) Switzerland (1) Tablets (1) TMobile (1) Trailer (18) Train (1) Twitter (3) Tyler (2) UNITED (10) united bank limited (1) vehicle (2) Western (2) Windows (11) Working (1) worlds (1) young (6) YouTube (7) youtube music (2) youtube.com (1) YouTubes (1)