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The key reports this week are March Housing Starts and Existing Home Sales.
10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of 77, down from 79. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM ET: Housing Starts for March.
This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.750 million SAAR, down from 1.769 million SAAR in February.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.80 million SAAR, down from 6.02 million.
The graph shows existing home sales from 1994 through the report last month.
During the day: The AIA’s Architecture Billings Index for March (a leading indicator for commercial real estate).
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 185 thousand from 185 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of 20.0, down from 27.4.
1:00 PM: Discussion, Fed Chair Pro Tempore Jerome Powell, The Global Economy, At the International Monetary Fund Debate on the Global Economy
No major economic releases scheduled.
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