The Week Ahead...

Housing is the theme! The new home sector opens the week Monday with the housing market index for October followed on Tuesday by September housing starts & permits. Strength is expected for both these reports which would underscore the health of the new home market. The existing home market has been less strong though a respectable gain is expected for September's report on Thursday. Strength in house prices has been limited this year but is still a positive for homeowners and Thursday's FHFA data will offer the latest. Also out in the week will be jobless claims on Thursday, where the sample week matches the sample week for the monthly employment report, and the manufacturing PMI on Friday which will offer a flash October reading from the struggling sector