US Week Ahead: Durable Goods, GDP, UMich Sent, Housing

We expect August existing home sales to rise 0.6% to a 5.18M unit rate, maintaining their upward climb. We expect existing home sales to maintain their uptrend in August. While sales have been advancing since April, they remain 4.3% below last summer’s peak. Traditional 30-year fixed mortgage rates…

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US Week Ahead: Durable Goods, GDP, UMich Sent, Housing