The Commerce Department concerns its regularmonthly tally of brand-new U.S. house sales Tuesday and its March photo of customer costs Friday
25 April 2022, 04: 10
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A appearance at some of the secret company occasions and financial indications upcoming this week:
HOUSING MARKET BELLWETHER
The Commerce Department concerns its March tally of brand-new U.S. house sales Tuesday.
Economists projection that sales slowed last month to a seasonally changed yearly rate of 760,000 houses. That would follow February’s speed of 772,000 houses. Demand for recently constructed houses hasactually been robust, helped by an ultra-low supply of formerly inhabited houses on the market. But increasing interest rates and house rates are significantly pressing the limitations of cost for prospective purchasers.
New house sales, seasonally changed yearly rate, by month:
Oct. 667,000
Nov. 753,000
Dec. 860,000
Jan. 788,000
Feb. 772,000
March (est.) 760,000
Source: FactSet
SPOTLIGHT ON APPLE
Wall Street anticipates an