But, as the Federal Reserve is likely to keep interest rates in the near future, they hope the housing market will start to return.
On Monday, the National Construction Builders Association will announce its latest monthly survey of builders. Trust increased in February thanks to a drop in mortgage rates that fell this year along with long-term bond yields.
Mortgage rates have fallen lately due to the Fed, as well as concerns about the economy in China and Breckett's latest drama. A fixed-rate mortgage of 30 years last week reached 4.31%, the lowest since more than a year.
"The housing market has benefited from the volatility of the stock market," said Odeta Kushi, deputy chief economist with the first American. "We have a ton of pirated demand from older Millennials who sit on the sidelines waiting to be homeowners. Lower rates should boost home sales."
Kushi said the latest job report is good for housing. Although the number of added jobs was disappointing, wages continued to rise. And this could help people try to save money so they can live at home or buy a house.
She pointed to the recent increase in domestic construction and the upgrading of apartments as another good sign. The procurement is more complicated than it was.
"The housing market remains ready for a strong spring," said Joel Kahn, assistant vice president of economic and industrial forecasts for the Mortgage Bankers Association, writing in a recent report on mortgage applications. The volume of loan applications grew by 2.3% earlier this month.
"We are beginning to see signs of new housing construction and inventory, which increases the chances of buying many home buyers, which are hampered by the current shortage of supply," Kahn added.
The latest MBA figures for mortgage applications will be announced on Wednesday.
All of this could lead to a turnaround in the existing sales figures in February, which will be announced at the National Association of Brokers on Friday. Sales fell 1.2% from December to January. But Kushi thinks they have returned last month.
It should be good news for apartments linked to housing, which already have a solid start to 2019, in the hope that the market is ready for a great comeback.
2. Reduction of the balance of the Bank: The US Central Bank will make the most recent decision on Wednesday's rate at 2 pm, while President Jerome Powell will speak at 2:30 pm. No increase in rates is expected, so the hot topic will be whether the Fed will announce changes in the so-called. quantitative tightening policy.
The firm will release a quarterly revenue report on Tuesday after the markets close. And considering macroeconomic issues is still a major concern, investors will be looking for how it affects one of the world's largest courier companies.
However, Wall Street expects good news from Nike when it announces revenue after the bell on Thursday. Sales are expected to increase by almost 7%. But investors will pay attention to everything the company says about demand in China and Europe, given the recent signs of softness in those economies.
5. Come this week: