Monday, April 24, 2017

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

by Bill McBride on 4/24/2017 08:03:00 PM

From Bloomberg: Trump Said to Plan 20% Tariff on Canadian Softwood Lumber

U.S. President Donald Trump said Monday he would impose a 20 percent tariff on Canadian softwood lumber, according to a White House official and two people present when he made the comment at a reception for conservative journalists.
This would negatively impact homebuilders.

Tuesday:
• At 9:00 AM ET, FHFA House Price Index for February 2017. This was originally a GSE only repeat sales, however there is also an expanded index.

• Also at 9:00 AM, S&P/Case-Shiller House Price Index for February. Although this is the February report, it is really a 3 month average of December, January and February prices. The consensus is for a 5.8% year-over-year increase in the Comp 20 index for February.

• At 10:00 AM, New Home Sales for March from the Census Bureau. The consensus is for a decrease in sales to 584 thousand Seasonally Adjusted Annual Rate (SAAR) in March from 592 thousand in February.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for April.