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Tuesday: New Home Sale, Richmond Fed Mfg

The new home sales data is for February (pre-crisis), but the Richmond Fed manufacturing survey was taken in March and will likely show a sharp decline.

Note that the Philadelphia Fed Non-Manufacturing Survey will be released tomorrow morning. I usually don’t cover this, but I’ll post on it tomorrow.

Tuesday:
• At 10:00 AM ET, New Home Sales for February from the Census Bureau. The consensus is for 750 thousand SAAR, down from 764 thousand in January.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for March.

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