Monday, May 25, 2020

Tuesday: New Home Sales, Case-Shiller House Prices

by Calculated Risk on 5/25/2020 10:13:00 PM

Weekend:
Schedule for Week of May 24, 2020

Tuesday:
• At 8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite index of other data.

• At 9:00 AM: S&P/Case-Shiller House Price Index for March. The consensus is for a 3.3% year-over-year increase in the Comp 20 index for March.

• At 9:00 AM: FHFA House Price Index for March 2020. This was originally a GSE only repeat sales, however there is also an expanded index.

• At 10:00 AM: New Home Sales for April from the Census Bureau. The consensus is for 490 thousand SAAR, down from 627 thousand in March.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for May.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 42 and DOW futures are up 350 (fair value).

Oil prices were up over the last week with WTI futures at $34.01 per barrel and Brent at $35.87 barrel.  A year ago, WTI was at $58, and Brent was at $68 - so WTI oil prices are about 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $1.97 per gallon. A year ago prices were at $2.83 per gallon, so gasoline prices are down $0.86 per gallon year-over-year.