Economic Events on May 23, 2012

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 10:00 AM Eastern time, the FHFA House Price Index for March will be released, providing more information about the direction of the housing market.

Also at 10:00 AM Eastern time, the New Home Sales report for April will be released. The consensus is that 335,000 new homes were sold last month, which would be 7,000 more than the prior month.

At 10:30 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

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