Next week's economic reports will be mostly about housing: sales, construction, permits and prices.
The housing sector remains a drag on the U.S. economy. In its Tuesday policy statement, the Federal Reserve said the sector "remains depressed." Looking ahead, economists expect gains in next week's numbers-although mild weather this winter is probably lifting activity, which may result in some giveback in the spring.
Home-builder sentiment will be covered Monday with the housing market index. Economists surveyed by Dow Jones Newswires expect the index to rise for a sixth consecutive month, increasing to 30 in March, from 29 in February.
Housing starts and permits are set for release Tuesday. Starts are projected to increase to an annual rate of 710,000 in February, while building permits are expected to rise to 700,000.
Housing demand will be captured in reports on existing home sales, out Wednesday, and new home sales, out Friday.
The median forecast calls for existing home sales to increase to a 4.64 million annualized rate. Sales of new homes are projected to be little changed at 322,000.
Finally, the Federal Housing Finance Agency issues its price report Thursday. U.S. home prices are forecast to post a 0.2% increase in January following a solid 0.7% advance in December.
Economics
Monday
10:00 a.m. Eastern Time. Housing market index
11:00 a.m. 4-week bill announcement
11:30 a.m. 3-month bill auction
11:30 a.m. 6-month bill auction
Tuesday
7:45 a.m. ICSG-Goldman store sales
8:30 a.m. Housing starts
8:30 a.m. Building permits
8:55 a.m. Redbook
11:30 a.m. 4-week bill auction
Wednesday
7:00 a.m. MBA purchase applications
10:00 a.m. Existing home sales
10:30 a.m. EIA petroleum status report
Thursday
8:30 a.m. Jobless claims
10:00 a.m. Leading indicators
10:00 a.m. FHFA home prices
10:30 a.m. EIA natural gas report
11:00 a.m. 3-month bill announcement
11:00 a.m. 6-month bill announcement
11:00 a.m. 2-year note announcement
11:00 a.m. 5-year note announcement
11:00 a.m. 7-year note announcement
1:00 p.m. 10-year TIPS auction
4:30 p.m. Fed balance sheet
4:30 p.m. Money supply
Friday
10:00 a.m. New home sales
Earnings
Monday
Adobe Systems
Cache
Focus Media Holding
Gordmans Stores
Tuesday
AAR
Cintas
DSW
FSI
JA Solar
Jabil Circuit
Jefferies Group
Krispy Kreme
Omnova Solutions
Oracle
SAIC
Tiffany
Wednesday
Actuant
Clarcor
Discover Financial
Freds
General Mills
Herman Miller
Shoe Carnival
Sonic
Thursday
Accenture
ConAgra
Dollar General
FedEx
G-III
GameStop
HIS
Lululemon
Met-Pro
Nike
Perry Ellis
Signet Jewelers
Steelcase
UTi Worldwide
Wet Seal
Friday
Darden Restaurants
KB Home
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