Key economic events for the week of July 22

This week should be a relatively quiet one for economic data. There are updates on the housing market and durable goods orders.

Monday

More business news

Are Fannie and Freddie money makers or losers?

Are Fannie and Freddie money makers or losers?

Assessments of their profitability differ as Senate committee weighs shutting down mortgage giants.

Michaels says nearly 3 million customers hit by data breach

Michaels says nearly 3 million customers hit by data breach

Retailer posts list of stores affected by breach, including several in the Washington area.

Administration postpones decision on Keystone pipeline

Administration postpones decision on Keystone pipeline

Agencies were given more time to decide whether the pipeline is in the national interest.

More business news

The National Association of Realtors releases June existing-home sales data at 10 a.m. Home buyers facing a shortage of homes for sale will look to this report for signs of relief in a tight market. Analysts expect sales to pick up by 1.4 percent to reach 5.27 million homes, down from last month’s jump of 4.2 percent, or 5.18 million homes. Existing-home sales are at their highest level since 2009.

Tuesday

The Federal Housing Finance Agency releases its May house price index at 9 a.m. Home prices are expected to increase by 0.8 percent, after an increase of 0.7 percent in April. Low inventory is keeping home prices high across the country.

Wednesday

The National Association of Realtors releases new-home sales data for June at 10 a.m. New-home sales are another indicator of whether the housing supply will increase. Sales should pick up by 1.7 percent, according to analysts. The number was up by more than 2 percent in May.

Thursday

Durable goods orders for the month of June are released at 8:30 a.m. They reflect the health of the manufacturing sector — which hasn’t had the best run this year because of volatility in the aircraft industry. Orders are expected to increase by 1.5 percent this time around, after an increase of 3.6 percent in May.

Weekly jobless claims — out at 8:30 a.m. — are projected to touch 341,000, up from 334,000 last week.

 
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