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The Week Ahead: Spotlight on Home Sales and Prices

The week begins with the release of the New Home Sales Report for January 2018 by the U.S. Census Bureau on Monday at 10 a.m. EST. The report, which is jointly announced by the Census Bureau and the U.S Department of Housing and Urban Development (HUD) provides national and regional data on the number of new single-family homes sold and for sale along with national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics.

Last month the report analyzed new home sales for December 2017 and indicated that sales of new homes during the month were down 9.3 percent at a seasonally adjusted annual rate compared to the prior month, but were 14.1 percent above the same period in 2016. The report also gave data on the annual number of homes sold and said that an estimated 608,000 new homes were sold during 2017, showing an 8.3 percent increase over the year before.

Here’s what else is in store in The Week Ahead:

  • S&P CoreLogic Case-Shiller HPI, Tuesday, 9 a.m. EST
  • FHFA House Price Index, Tuesday, 9 a.m. EST
  • Jerome Powell to testify before the House of Representatives, Wednesday, 10 a.m. EST
  • NAR Pending Home Sales Index, Wednesday, 10 a.m. EST
  • MBA Mortgage Apps Survey, Wednesday, 7 a.m. EST
  • Construction Spending Report, Thursday, 10 a.m. EST
  • Fed Balance Sheet, Thursday, 4.30 p.m. EST

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.
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