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23 Feb 2016
US: Housing market is the primary focus today - TDS
Research Team at TDS, suggests that the housing market is the primary focus of today’s data calendar.
Key Quotes
“The S&P Case-Shiller House Price Index is set to be released at 900 ET; TD looks for a below-consensus 0.8% m/m advance in the 20-City composite, which would represent a 5.8% gain on a year-ago basis (market: 0.85% m/m, 5.8% y/y).
Meanwhile, existing home sales for January are expected to slow from December’s 5.46m annualized pace. We see sales falling 3.5% m/m to 5.27m, a larger decline than the median forecast for a 2.5% monthly decrease.
Rounding out the schedule is February’s Conference Board Consumer Confidence Index; TD is in line with the market and expects the index to decline to 97.2 as recent market turmoil filters its way down into consumer sentiment.”
Key Quotes
“The S&P Case-Shiller House Price Index is set to be released at 900 ET; TD looks for a below-consensus 0.8% m/m advance in the 20-City composite, which would represent a 5.8% gain on a year-ago basis (market: 0.85% m/m, 5.8% y/y).
Meanwhile, existing home sales for January are expected to slow from December’s 5.46m annualized pace. We see sales falling 3.5% m/m to 5.27m, a larger decline than the median forecast for a 2.5% monthly decrease.
Rounding out the schedule is February’s Conference Board Consumer Confidence Index; TD is in line with the market and expects the index to decline to 97.2 as recent market turmoil filters its way down into consumer sentiment.”