The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2021.
It is likely the results of this survey were significantly distorted by the pandemic.
This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
This survey might show the trend, but I wouldn t rely on the absolute numbers. Analysts probably shouldn t use the HVS to estimate the excess vacant supply or household formation, or rely on the homeownership rate, except as a guide to the trend.
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The key report scheduled for this week is Q1 GDP.
Other key reports include February Case-Shiller house prices, and Personal Income and Outlays for March.
For manufacturing, the April Dallas and Richmond manufacturing surveys will be released.
The FOMC meets this week, and no change to policy is expected at this meeting. - Monday, Apr 26th -
8:30 AM:
Durable Goods Orders for March from the Census Bureau. The consensus is for a 2.5% increase in durable goods orders.
10:30 AM: - Tuesday, Apr 27th -
S&P/Case-Shiller House Price Index for February.
This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).