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Lots of Real Estate Numbers ahead: Here’s What You Need to Know

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Lots of important data ahead

This week will have a lot of valuable data for real estate investors. Tuesday is the biggest day, when we get the Case-Shiller Home Price Index as well as existing home sales. The following day, we’ll get new home sales. Finally, on Thursday, we’ll get the FHFA House Price Index. We’ll also get the second revision to fourth quarter GDP on Friday.

We have some important earnings this week too. Mortgage REIT giant Annaly Capital Management. We’ll also hear from luxury homebuilder Toll Brothers.

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Economic data this week

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

Monday, February 22:

  • Chicago Fed National Activity Index
  • Markit US Manufacturing PMI

Tuesday, February 23:

  • S&P Case-Shiller House Price Index
  • Consumer Confidence
  • Richmond Fed Manufacturing Index
  • existing home sales

Wednesday, February 24:

  • MBA Mortgage Applications
  • Markit US Services PMI
  • Markit US Composite PMI
  • new home sales

Thursday, February 18:

  • initial jobless claims
  • Bloomberg Consumer Comfort
  • durable goods orders
  • capital goods orders
  • FHFA House Price Index
  • Kansas City Fed

Friday, February 19:

  • GDP
  • personal consumption
  • personal spending
  • personal income
  • University of Michigan Consumer Sentiment
  • Personal Consumption Expenditures Index

Earnings this week

Tuesday, February 23

Wednesday, February 24

Thursday, February 25

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Implications for Mortgage REITs

REITs like Annaly Capital Management (NLY) and American Capital Agency (AGNC) will likely focus mainly focus on data that will move the bond market. For them, it will be all about the GDP report on Friday. Investors who want to bet on interest rates can look at the iShares 20+ Year Treasury Bond ETF (TLT).

Impact on homebuilders

Homebuilders like Lennar (LEN) and CalAtlantic (CAA) will pay the most attention to existing home sales and new home sales. The seasonal uptick for the homebuilding sector is just beginning. Investors can trade the homebuilding sector through the SPDR S&P Homebuilders ETF (XHB).

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