The key economic reports this week are Q1 GDP and March New Home sales.





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8:30 AM:for March. This is a composite index of other data.10:30 AM:for April.9:00 AM:for February 2017. This was originally a GSE only repeat sales, however there is also an expanded index. 9:00 AM ET:for February. Although this is the February report, it is really a 3 month average of December, January and February prices.This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the January 2017 report (the Composite 20 was started in January 2000).The consensus is for a 5.8% year-over-year increase in the Comp 20 index for February. 10:00 AM ET:for March from the Census Bureau.This graph shows New Home Sales since 1963. The dashed line is the February sales rate.The consensus is for a decrease in sales to 584 thousand Seasonally Adjusted Annual Rate (SAAR) in March from 592 thousand in February.10:00 AM:for April.7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the8:30 AM ET: Thereport will be released. The consensus is for 243 thousand initial claims, down from 244 thousand the previous week.8:30 AM:for February from the Census Bureau. The consensus is for a 1.1% increase in durable goods orders.10:00 AM:for March. The consensus is for a 0.4% decrease in the index.10:00 AM: thefrom the Census Bureau.11:00 AM: thefor April. This is the last of the regional Fed surveys for April.8:30 AM:(Advance estimate). The consensus is that real GDP increased 1.1% annualized in Q1.9:45 AM:for April. The consensus is for a reading of 56.5, down from 57.7 in March.10:00 AM:(final for April). The consensus is for a reading of 98.0, unchanged from the preliminary reading 98.0.