This Week We Get Data On The Most Important Part Of The US Economy

construction worker

Photo: BLS

It’s a very light week for data.Thursday is a Holiday and there’s nothing on Friday.

But we will get information on the most important part of the US economy: Housing.

Per Yahoo Finance, On Monday we get Existing Home Sales and NAHB Confidence. On Tuesday we get Housing Starts and Building Permits and mortgage applications.

Also important: On Wednesday we get Consumer Sentiment and Initial Jobless claims.

There are a lot of headwinds now building in the US economy — fiscal issues, etc. But housing is so important and big that it has the potential to counteract a lot of it holds up.

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