Monday, February 18, 2019

Tuesday: NAHB homebuilder survey

by Calculated Risk on 2/18/2019 09:57:00 PM

Weekend:
Schedule for Week of February 17, 2019

Tuesday:
• 10:00 AM, The February NAHB homebuilder survey. The consensus is for a reading of  59, up from 58. Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are mostly unchanged (fair value).

Oil prices were up over the last week with WTI futures at $55.72 per barrel and Brent at $66.06 per barrel.  A year ago, WTI was at $62, and Brent was at $65 - so WTI oil prices are down year-over-year, although Brent is essentially unchanged.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.33 per gallon. A year ago prices were at $2.52 per gallon, so gasoline prices are down 19 cents per gallon year-over-year.