by Calculated Risk on 3/18/2023 08:11:00 AM

The key reports this week are February New and Existing Home Sales.

The FOMC meets this week, and there is some uncertainty on rate hikes due to the recent banking issues.

—– Monday, March 20th —–
No major economic releases scheduled. —– Tuesday, March 21st —–
10:00 AM: Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 4.15 million SAAR, up from 4.00 million.

The graph shows existing home sales from 1994 through the report last month.

Housing economist Tom Lawler expects the NAR to report sales of 4.51 million SAAR for February (well above consensus). —– Wednesday, March 22nd —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

During the day: The AIA’s Architecture Billings Index for February (a leading indicator for commercial real

Keep reading this article on Bill McBride - Calculedriskblog.

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