Wednesday, March 22, 2017

Thursday: New Home Sales, Unemployment Claims

by Bill McBride on 3/22/2017 06:32:00 PM

The warmer weather probably didn't impact February existing home sales, because existing home sales are counted when the contract closes. However the warm February may have boosted New Home sales since new home sales are counted when contracts are signed - and there were probably more people out looking in some parts of the country with the warmer weather.

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, down from 241 thousand the previous week.

• At 8:45 AM, Speech by Fed Chair Janet L. Yellen, Opening Remarks, At the 2017 Federal Reserve System Community Development Research Conference, Washington, D.C.

• At 10:00 AM, New Home Sales for February from the Census Bureau. The consensus is for an increase in sales to 565 thousand Seasonally Adjusted Annual Rate (SAAR) in February from 555 thousand in January.

• At 11:00 AM, the Kansas City Fed manufacturing survey for March.