10:00a Pending Home Sales
Month over Month -2.8% actual vs 0.5% (rev) prior
Index 122.8 actual vs 126.4 (rev) prior
Consensus Outlook
Pending home sales have declined the last four reports though year-over-year growth has held over 20 percent. Econoday's consensus for January is no change on the month.
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. Specifically, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale
10:30a EIA Natural Gas Inventory
Week over Week -338bcf actual vs -237bcf prior
Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.
11:00a Kansas City Fed Mfg Survey
Level 24 actual vs 17 prior
Definition
The Kansas City Fed index offers a monthly assessment of change in the region's manufacturing sector. Positive readings indicate monthly growth and negative readings monthly contraction. Readings at zero indicate no change. The headline number is the composite index, an average of the production, new orders, employment, delivery time, and raw materials inventory indexes.
Dan 
AI
