HALISTER1: U.S. ECO PREVIEW: New Homes, Consumer Conf. Due in 5 Minutes

U.S. ECO PREVIEW: New Homes, Consumer Conf. Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Consumer Conf. 122.5; range 118 to 127 (67 estimates)
    • Last monthly consumer confidence reading was the highest in more than 16 years
    • "The April data on consumer confidence will be carefully monitored by forecasters following a sharp, upside surprise in March." -- Bloomberg Intelligence
  • New home sales 584k; range 525k to 624k (73 estimates)
  • New homes -1.4% m/m; range -11.3% to 5.4% (73 estimates)
    • New home sales hit a 7-month high in Feb.
    • "Housing demand continues to be strong, despite the post-election increase in mortgage rates and rising prices." -- Bloomberg Intelligence
  • Rich. Fed 16; range 14 to 18 (10 estimates)

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Source: BFW (Bloomberg First Word)

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