Monday, March 27, 2017

Tuesday: Case-Shiller House Prices

by Bill McBride on 3/27/2017 07:09:00 PM

Here is the Zillow forecast (They've been very close each month):

The January Case-Shiller national index is expected to grow 6 percent year-over-year and 0.5 percent from December, up from 5.8 percent annual growth recorded in November but down somewhat from 0.7 percent monthly growth in December. The smaller 10- and 20-city indices are both expected to grow by 0.7 percent month-over-month (SA), slower than the 0.9 percent monthly growth recorded in December. On an annual basis, the 10- and 20-city indices are expected to grow by 5.1 percent and 5.7 percent in January, respectively, up from 4.9 percent and 5.6 percent in November.
Tuesday:
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for January. Although this is the January report, it is really a 3 month average of November, December and January prices. The consensus is for a 5.7% year-over-year increase in the Comp 20 index for January.

• At 10:00 AM: Richmond Fed Survey of Manufacturing Activity for March. This is the last of the regional Fed surveys for March.

• At 12:50 PM: Speech by Fed Chair Janet Yellen, Addressing Workforce Development Challenges in Low-Income Communities, At the National Community Reinvestment Coalition Annual Conference, Washington, D.C.