A look at some of the key business events and economic indicators upcoming this week:
HOUSING MARKET BAROMETER
The
Economists project that sales picked up last month to a seasonally adjusted annual rate of 760,000 homes. Builders have benefited this year from strong demand amid a shortage of previously occupied homes for sale. At the same time, rising costs and shortages of building materials and labor have rippled through the construction industry.
New home sales, seasonally adjusted annual rate, by month:
April 796,000
May 733,000
June 685,000
July 729,000
Aug. 740,000
Sept. (est.) 760,000
Source: FactSet
ON A ROLL
Analysts predict the iPhone maker will report Thursday that its fiscal fourth-quarter earnings and revenue increased sharply from a year earlier. That would echo the company’s results in the previous three quarters. Last month,
EYE ON CONSUMERS
The
Growth in
Consumer spending, monthly percent change, seasonally adjusted:
March 5.2
April 1.0
May 0.0
June 1.1
July -0.1
Aug. 0.8
Source: FactSet
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