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The Week Ahead: A Focus on Housing Data

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    From housing data to consumer sentiment, a look at the week ahead in business

  • Duration 2:11
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I'm Christina -- in this is a look at the week ahead in business.

How -- data will take center stage next week as financial markets take a day off on Thursday for the Thanksgiving holiday.

A report on existing home sales as you Monday like many housing statistics existing home sales.

Which -- closings of previously constructed homes condos and co -- Have bounced around in the recent months the trajectory it seems to be moving slightly higher over the long term.

After years of an inventory glut brought about by the record foreclosure levels the number of available homes is tightening housing experts say.

That bodes well for home prices.

Also on Monday the national association of homebuilders will release its monthly housing market -- -- Which is compiled analyst survey -- and NAHB members.

Or ask their views on the overall economy and housing environments.

On Tuesday data is -- related to housing starts which -- -- the level of construction of new homes.

-- three of these data releases should be watched closely by members of the Federal Reserve which tighten its fiscal policy directly to the housing market September.

By introducing a third round of stimulus calling for the purchase each month a forty billion in mortgage backed securities.

With that in mind Fed Chairman Ben Bernanke will be speaking on Tuesday in new York at the New York economic club.

He'll be taking questions after the speech and housing and labor markets are sort of be -- subject.

And the university of Michigan's consumer sentiment index -- out Wednesday a -- Believe the survey should reflect a slight shift toward optimism -- including labor numbers in recent months.

The overall statistics are -- But the had an unemployment rate has fallen to its lowest level in nearly four years consumer sentiment is important because consumer spending.

Accounts for 70%.

Of the US economy.

US stocks and bond markets are closed on Thursday and stock markets close early on Friday in observance of the Thanksgiving holiday.

And that's your look at the week -- in business for all of your latest up to -- business news tune into Fox Business or log on to foxbusiness.com.

In New York I'm Christina Scott.

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