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Wall Street Week Ahead: Housing Market, Unemployment Updates
Economists expect August new-home sales to rise slightly as Wall Street also awaits weekly jobless claims, a proxy for layoffs.
- On Thursday, the government will release its August report for sales of newly-built homes, offering Wall Street a key update on the housing market.
- Mortgage rates have marched higher throughout the year as the war with Iran chokes global oil supplies, pushing up long-term bond yields that lenders use to price home loans.
- Economists expect the housing report will show a slight sales increase, while a separate Thursday report on jobless Claims offers insight into labor market direction.
- The broader housing market remains under pressure from rising Mortgage rates and prices, though the job market has held steady in a historically low range over the last year.
- Wall Street looks to this data for details on supply and demand conditions for home builders and construction materials companies amid broader market pressures.
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Wall Street week ahead: housing market, unemployment updates - Regional Media News
NEW YORK (AP) - Wall Street will get a key update this week on the U.S. housing market, along with a regular weekly unemployment update. On Thursday, the U.S. will release its August report for sales of newly-built homes. It details the sale of brand-new [...]
Wall Street week ahead: housing market, unemployment updates – WTOP News
NEW YORK (AP) — Wall Street will get a key update this week on the U.S. housing market, along with a regular weekly unemployment update. On Thursday, the U.S. will release its August report for sales of newly-built homes. It details the sale of brand-new homes and sales contracts for homes that are under construction....
·Chevy Chase, United States
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Coverage Details
Total News Sources12
Leaning Left4Leaning Right2Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
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