Tuesday, April 21, 2015

Wednesday: Existing Home Sales

by Bill McBride on 4/21/2015 07:59:00 PM

Here is a hint, take the over on existing home sales!

• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 9:00 AM, FHFA House Price Index for February 2015. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM, Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for sales of 5.03 million on seasonally adjusted annual rate (SAAR) basis. Sales in February were at a 4.88 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 5.18 million SAAR.

• During the day: The AIA's Architecture Billings Index for March (a leading indicator for commercial real estate).