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Wednesday: Retail Sales, PPI, NY Fed Mfg, Homebuilder Survey


by Calculated Risk on 3/14/2023 08:06:00 PM

Note: Mortgage rates are from and are for top tier scenarios.

o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

o At 8:30 AM, Retail sales for February is scheduled to be released. The consensus is for a 0.3% decrease in retail sales.

o Also at 8:30 AM, The Producer Price Index for February from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.4% increase in core PPI.

o Also at 8:30 AM, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -7.7, down from -5.8.

o At 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 41, down from 42. Any number below 50 indicates that more builders view sales conditions as poor than good.

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