Here come new home sales …

The Census Bureau will release data on new home sales at 10 a.m. ET.

Economists forecast that new home sales rose 1.6% in March at a seasonally adjusted annual rate of 520,000, according to Bloomberg.

“This would reveal a continued upward trajectory for home sales, consistent with the signal from mortgage purchase applications and pending home sales,” Bank of America Merrill Lynch economists said in a note.

“Given the abnormally warm winter, we are concerned that housing construction and new home sales were pulled forward from the spring to the winter, which could weigh on the near-term trajectory of seasonally-adjusted sales.”

We’ll have the latest details at the top of the hour, so refresh this page for updates.

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