Weekly Outlook: Housing Takes Center Stage

In a week short on major economic releases, housing starts and existing home sales will give an indication of the state of the United States housing market. While it’s a week short on major economic releases, it could be long on news as a supply glut in oil emerges and the GOP Convention gets underway in Cleveland.

 

Economic Calendar

 

Tuesday

Housing Starts 08:30 AM ET

Wednesday

Bank Reserve Settlement 08:00 AM ET

Thursday

Chicago Fed National Activity Index 08:30 AM ET

Existing Home Sales 10:00 AM ET

 

Links:

Remembering Karl Case, founder of a housing index (Wall Street Journal)

The U.S. is exporting gas to the Middle East (Financial Times)

Prices at the pump continue to fall (FuelFix)

Which country has the most affordable gasoline? (Bloomberg)

As GOP Convention begins, Cleveland’s economy is like U.S. economy (Fox Business)

Brexit and China are spurring interest in Blockchain (Coindesk)

Shiller: Why land and homes have been disappointing investments (New York Times)

Massive debt is changing Italy’s politics (Bloomberg)

Real cheese is making a comeback (The Atlantic)

 

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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