From Seattletimes · · 1m
Wall Street Week Ahead: Housing Market Update
U.S. housing sales and unemployment claims data to be released Thursday.
In brief
U.S. housing sales and unemployment claims data to be released Thursday. The U.S. releases August new home sales data and weekly unemployment claims Thursday, showing housing market pressure from high mortgage rates and resilient job market. Originally reported by Seattletimes.
U.S. Housing Report
The U.S. releases August new home sales data Thursday, detailing brand-new home sales and construction contracts.
Housing Market Shift
Economists expect a slight sales increase in August, contrasting with a decrease in existing home sales.
Housing Pressure
Rising mortgage rates and home prices strain the broader housing market, with oil prices driving up bond yields.
Unemployment Claims
The U.S. releases weekly unemployment claims Thursday, a proxy for layoffs that have stayed steady in a low range.
Job Market Resilience
The job market remains resilient despite inflation, with unemployment claims holding steady in a historically low range.
The one thing
The U.S. releases August new home sales data and weekly unemployment claims Thursday, showing housing market pressure from high mortgage rates and resilient job market.
