The Week Ahead
Monday, Mar. 26, 10 a.m. EST -- In a rare event, the new single-family home and existing-home sales reports will be released simultaneously. New-home sales for February are expected to have fallen to an annual rate of 915,000, from 921,000 in January. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Existing-home sales for February likely rose to an annual rate of 5 million, from 4.65 million in January.
DURABLE GOODS ORDERS
Tuesday, Mar. 27, 8:30 a.m. EST -- New orders taken by durable-goods makers likely rose by 0.3% in February, barely recouping the 6% drop posted in January. That decline was due primarily to decreases in new aircraft and automobile orders.
Tuesday, Mar. 27, 10 a.m. EST -- The Conference Board's March index of consumer confidence likely fell for the sixth month in a row, to 105, since hitting 142.5 in September.
Friday, Mar. 30, 8:30 a.m. EST -- In February, personal income likely rose 0.3%, after jumping 0.6% in January. Consumer spending probably increased by 0.2%, after a 0.7% gain in January.
Friday, Mar. 30, 10 a.m. EST -- The University of Michigan's index of consumer sentiment for March likely rose to 91.5. That would be up from February's 90.6, but far from the January, 2000, record high of 112.