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Monday: Homebuilder Suvery

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by Calculated Risk on 4/17/2022 07:06:00 PM

Weekend:
o Schedule for Week of April 17, 2022

Monday:
o At 10:00 AM ET, The April NAHB homebuilder survey. The consensus is for a reading of 77, down from 79. Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 15 and DOW futures are down 80 (fair value).

Oil prices were up over the last week with WTI futures at $106.95 per barrel and Brent at $111.70 per barrel. A year ago, WTI was at $63 and Brent was at $66 – so WTI oil prices are up 70% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $4.06 per gallon. A year ago prices were at $2.85 per gallon, so gasoline prices are up $1.21 per gallon year-over-year.

BLS: 12 States Set New Record Series Low Unemployment rates in March

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