Tuesday: Case-Shiller House Prices, Richmond Fed Mfg Survey

Tuesday: • At 9:00 AM ET, the S&P/Case-Shiller House Price Index for May. Although this is the May report, it is really a 3 month average of March, April and May prices. The consensus is for a 5.6% year-over-year increase in the Comp 20 index for April. The Zillow forecast is for the National Index to increase 4.0% year-over-year in May. • At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for July. • Also at 10:00 AM, Q2 Housing Vacancies and Homeownership survey. To put the recent 5 day sell-off in perspective, here is a graph (click on graph for larger image) from Doug......(read more)

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