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Sunday, July 18, 2021

Monday: Homebuilder Survey

by Calculated Risk on 7/18/2021 06:31:00 PM

Weekend:
Schedule for Week of July 18, 2021

Monday:
• At 10:00 AM ET, the July NAHB homebuilder survey. The consensus is for a reading of 82, up from 81. 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 are down 5 and DOW futures are down 65 (fair value).

Oil prices were down over the last week with WTI futures at $71.61 per barrel and Brent at $73.27 per barrel. A year ago, WTI was at $41, and Brent was at $43 - so WTI oil prices are UP about 75% year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.17 per gallon. A year ago prices were at $2.19 per gallon, so gasoline prices are up $0.98 per gallon year-over-year.