The Week Ahead
EXISTING HOME SALES
Monday, Mar. 25, 10 a.m. EST -- Sales of existing homes in February probably fell to an annual rate of 5.6 million, after hitting a record pace of 6 million in January. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies.
DURABLE GOODS ORDERS
Tuesday, Mar. 26, 8:30 a.m. EST -- New orders for durable goods are forecast to have grown 1% in February, after rising 2.6% in January. With inventories drawn down and economic prospects improving, new orders should continue to increase.
Tuesday, Mar. 26, 10 a.m. EST -- The Conference Board's confidence index most likely inched higher in March, to 95. In February, the index declined to 94.1. Consumers' future expectations have rebounded to pre-September levels, but the February current-conditions component sunk to its lowest point since 1994.
NEW RESIDENTIAL SALES
Wednesday, Mar. 27, 10 a.m. EST -- New single-family home sales in February likely climbed to an annual rate of 875,000, after slipping to a pace of 823,000 in January.
Friday, Mar. 29, 8:30 a.m. EST -- Personal income is expected to have increased by 0.3% in February, while consumer spending likely rose 0.5%. In January, both personal income and spending rose by 0.4%, while the savings rate jumped to 1.8%.