The July reading on homebuilder sentiment from the National Association of Homebuilders will cross at 10:00 a.m. ET.
Economists estimate that the index remained unchanged at a nine-month high from the prior month, at 59, according to Bloomberg.
Bank of America Merrill Lynch analysts are forecasting a print below consensus of 57. In their preview to clients, they wrote: “While housing conditions remain favourable — low rates, lean inventory and improving economy — we think homebuilders might become concerned by the recent risk-off mood in the marketplace. The “CNN” effect is important with the press noting the risks from Greece and China.”
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