The Economics News Week Ahead

Housing and its expected troubles look to headline a Thanksgiving shortened week, starting Monday with the housing market index from the nation's homebuilders where no improvement is expected followed on Tuesday by housing starts and permits with a limited gain for the former the call and no gain for the latter. Existing home sales are out on Wednesday but here, despite missing expectations month after month, sizable improvement is the consensus. Wednesday, because of Thursday's holiday, will see a dense pack of data that will also include durable goods orders, where aircraft is expected to skew the report lower, and also the consumer sentiment index where moderation is expected. Data return on Friday with the composite PMI which is expected to see manufacturing outpacing services.