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Sunday, April 16, 2023

Monday: NAHB Homebuilder Survey, NY Fed Mfg

by Calculated Risk on 4/16/2023 06:52:00 PM

Schedule for Week of April 16, 2023

• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -18.0, up from -24.6.

• At 10:00 AM, The April NAHB homebuilder survey. The consensus is for a reading of 45, up from 44.  Any number below 50 indicates that more builders view sales conditions as poor than good.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 8 and DOW futures are up 50 (fair value).

Oil prices were up over the last week with WTI futures at $82.52 per barrel and Brent at $86.31 per barrel. A year ago, WTI was at $107, and Brent was at $111 - so WTI oil prices are down about 23% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.65 per gallon. A year ago, prices were at $4.05 per gallon, so gasoline prices are down $0.40 per gallon year-over-year.