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  • The Day Ahead: Housing Starts to Stabilize in April

    The S&P 500 climbed more than 3.00% on Monday, initially led by a better than expected earnings report from Lowe’s, the home improvement retailer. To begin Tuesday, its rival Home Depot has just announced its Q1 earnings also beat expectations with a 44% gain. S&P 500 futures fell nearly six points in pre-market trading to 912.7, while Dow futures were down 60 points to 8530, and Nasdaq futures had fallen four points to 1392.5. Unlike Monday, however, there’s some data on the...

  • The Week Ahead: Thin Week On Data Could Put Focus on Housing

    New economic data will be in short supply this week but the few releases that will be published do concern the housing market. Monday gives a look at homebuilder confidence, Tuesday gives data on new construction, and Thursday will show the survey week results for Jobless Claims. Further Details: The only bit of data to start the week is the 1pm release on homebuilder sentiment, published by the National Association of Home Builders. The monthly report is supposed to tick up to 16 this month, up...
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