by Bill McBride on 7/23/2017 09:27:00 PM
• Schedule for Week of July 23, 2017
• At 10:00 AM ET, Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 5.58 million SAAR, down from 5.62 million in May. Housing economist Tom Lawler expects the NAR to report sales of 5.59 million SAAR for June.
Oil prices were down over the last week with WTI futures at $45.72 per barrel and Brent at $48.00 per barrel. A year ago, WTI was at $43, and Brent was at $44 – so oil prices are up 5% to 10% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.28 per gallon – a year ago prices were at $2.16 per gallon – so gasoline prices are up 12 cents per gallon year-over-year.