Lots of housing data this week

Events in Paris over the weekend will undoubtedly be on the minds of market participants this week, which will probably be stock-bearish and bond-bullish. Aside from that, earnings season is largely over, with only the retailers left to report. In economic data, we’ll see some important housing-related numbers this week with mortgage delinquencies and mortgage foreclosures today, the NAHB (National Association of Home Builders) sentiment index tomorrow, and housing starts and building permits on Wednesday.

Housing Data Will Be the Focus This Week

We’ll also get some important macro data including industrial production, manufacturing production, and capacity utilization. Finally, on Wednesday, we’ll also see the FOMC minutes.

Economic data this week

Here’s a rundown of this week’s economic data:

Monday, November 16:

  • Empire manufacturing data
  • Mortgage delinquencies
  • MBA mortgage foreclosures

Tuesday, November 17:

  • Consumer price index
  • Real average weekly earnings
  • Industrial production
  • Capacity utilization
  • Manufacturing production
  • NAHB housing market index
  • Long-term TIC flows

Wednesday, November 18:

  • MBA mortgage applications
  • Housing starts
  • Building permits
  • FOMC minutes

Thursday, November 19:

  • Initial jobless claims
  • Bloomberg consumer comfort index
  • Philadelphia Fed data
  • Index of leading economic indicators

Friday, November 20:

  • Kansas City Fed data

Impact on mortgage REITs

REITs such as Annaly Capital Management (NLY) and American Capital Agency (AGNC) will focus mainly on the FOMC minutes this week. Bond markets will probably be supported by the flight-to-safety trade in the aftermath of the weekend attacks in Paris. Investors who want to bet on interest rates can look at the iShares 20+ Year Treasury Bond ETF (TLT).

Impact on homebuilders

Builders such as CalAtantic Group (CAA) and D.R. Horton (DHI) will focus on housing starts, building permits, and the NAHB housing market index. We’re entering the seasonally slow period for builders, which lasts about as long as football season. Investors can trade in the homebuilding sector through the SPDR S&P Homebuilders ETF (XHB).

Latest articles

The Dow Jones Industrial Index or DJIA has risen 15.5% year-to-date. The index is trading at 26,935.07, which is 1.9% below its 52-week high.

In the week that ended on September 20, US crude oil prices rose 5.9%. On September 14, drones attack crippled Saudi Arabia oil production by 50%.

Last week, the overall cannabis sector remained subdued. Sector ETFs, such as the Horizons Marijuana Life Sciences ETF (HMMJ), closed about 8.15% lower.

The online streaming landscape was once owned by a few companies, largely Netflix and Hulu, but each of which offered a different type of content.

The Dow Jones Industrial Average or DJIA fell 0.6% or 159.72 points on Friday, September 20, 2019. The S&P 500 ETF fell 0.54% yesterday.

Netflix (NFLX) used to dominate the SVOD streaming services market. It was a leader with few competitors and a subscriber base of over 150 million.