Monday, August 24, 2015

Tuesday: New Home Sales, Case-Shiller House Prices, Richmond Fed Mfg

by Bill McBride on 8/24/2015 09:08:00 PM

Tuesday:
• At 8:30 AM: S&P/Case-Shiller House Price Index for June. Although this is the June report, it is really a 3 month average of April, May and June prices. The consensus is for a 5.2% year-over-year increase in the Comp 20 index for June. The Zillow forecast is for the National Index to increase 4.3% year-over-year in June.

• At 9:00 AM, FHFA House Price Index for June 2015. This was originally a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% month-to-month increase for this index.

• At 10:00 AM, New Home Sales for July from the Census Bureau. The consensus is for an increase in sales to 516 thousand Seasonally Adjusted Annual Rate (SAAR) in July from 482 thousand in June.

• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for August.

S&P 500
To put the recent sell-off in perspective, here is a graph (click on graph for larger image) from Doug Short and shows the S&P 500 since the 2007 high ...