As a reminder: NAR Existing Home Sales Report vs. Tom Lawler’s LEHC Projection from Last Week
Existing Home Sales (SAAR): NAR, 5.39 million; LEHC, 5.41 million; “Consensus”, 5.52 million
Inventory of EHS for Sale: NAR, 2.13 million; LEHC, 2.14 million.
YOY % Change, Median Existing SF Home Sales Price: NAR, 5.4%; LEHC, 5.3%.
Note: Thursday is a travel day – no posting until later in the day.
At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 262 thousand the previous week.
Also at 8:30 AM, Durable Goods Orders for June from the Census Bureau. The consensus is for a 3.7% increase in durable goods orders.
At 11:00 AM, Kansas City Fed Survey of Manufacturing Activity for August.