It’s going to be a slow week cut short by the President’s Day holiday, but there are a number of indices coming out this week that should shed some additional light on where the housing market is heading for servicers, lenders and investors.

1) FOMC minutes, housing starts and manufacturing

This week there will be reports on housing starts, housing sales and manufacturing, as well as the release of minutes from the central bank’s January Federal Open Markets Committee meeting.

Early reports for January already show that the first quarter is off to a weak start. Some are blaming it on weather disruptions that are still carrying over into this month, while others are pointing to broader, fundamental weaknesses that have nothing to do with winter weather.

2) Empire State Manufacturing Survey and Philadelphia Fed survey

No surprise to anyone with cable news, the Northeast has been caught up in another winter storm that will likely affect the Empire State Manufacturing Survey and Thursday’s Philadelphia Fed survey.

The cold weather will also be cited in Wednesday’s report of housing starts, although oddly enough, February’s jobs report showed that construction gained the most jobs in January. Perhaps it was construction in the large swathe of the United States not affected by the cold weather.

3) Conference Board, existing home sales, jobless claims

Thursday will see the Conference Board’s release of its leading indicators report.

Expect a slowdown in existing home sales in the report on Friday, owing maybe to the weather, but owing as much to higher mortgage rates and price inflation driven by investor sales.

Thursday’s jobless claims number is going to provide the murkiest tea leaves. While week-to-week jobless claims aren’t a good measure, the four-week running average will tell the tale of whether the decline in claims in 2013 is no longer with us, and whether the number of claims will settle at the worrying level of above 300,000.

Most Popular Articles

Here’s how to use Fleq to buy a home without a mortgage

You asked, and we answered. A Pittsburgh startup company is introducing a new way to look at homeownership, and it’s creating quite a stir.

Jan 20, 2020 By

Latest Articles

CFPB now taking friendlier approach to financial abuses

For years, the financial services industry has been asking the Consumer Financial Protection Bureau to address what the industry views as ambiguity surrounding the bureau’s regulation of “abusive” practices. And now they’re getting their way.

Jan 24, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please