But with the Federal Reserve likely to keep interest rates on hold for the foreseeable future, there are hopes that the housing market will begin to rebound.
On Monday, the National Association of Home Builders will release the latest monthly survey of workers. Confidence has risen in February thanks to a dipping of mortgage rates, which have fallen along with the long-term bond that will result in this year.
Mortgage rates have fallen even recently due to the Fed, as well as concerns about China's economy and the latest Brexit drama. The 30-year fixed rate mortgage reached 4.31% last week, the lowest level more than a year.
"The housing market benefits from the volatility of the stock market," said Odeta Kushi, deputy chief economist at First American. "We have a ton of quicker demand than older Millennials sitting on the sidelines waiting to be homeowners. Lower rates should push up sales at home."
Kushi said that the latest work reports are great for housing, too. Although the number of jobs added is disappointing, the wages continue to rise. And it can help people who are trying to save money, so they can return home living or rent a home.
He teaches a recent rise in home construction and housing completions as another great sign. The supply is greater than it is. "The housing market remains poised for a strong spring," said Joel Kan, associate the vice president of economic and industry forecasting for the Mortgage Bankers Association, writing in its latest report on mortgage applications. The amount of loan application increased by 2.3% last month.
"We're starting to see signs of more new residential construction and inventory, which adds buying opportunities for many home buyers hampered by the continued lack of supply, "Kan added.
The latest MBA figure in mortgage applications will be released on Wednesday.
All of this can lead to a turnaround in the existing home sales numbers for February, which was released by the National Association of Realtors on Friday. 1.2% fall from December to January. But Kushi thinks they have recovered last month.
That should be good news for housing-related stocks, which is a very happy start to 2019 in the hope that the market is ready for a big return.
2. Losing the balance of the balance of the Fed : The US central bank will make its final decision on Wednesday at 2 pm, and chair Jerome Powell will speak at 2:30 pm. There is no expected rate hike, so the hot topic is whether the Fed will tell about changes to the so-called quantitative tightening policy.
The company will post a quarterly earnings update on Tuesday after the markets are near. And given the macroeconomic issue is still a big concern, investors are in the view of how it affects one of the largest courier companies in the world.
However, Wall Street relies on good news from Nike when posting revenue after the bell on Thursday. Sales are expected to rise almost 7%. But investors pay attention to what the company says about the needs of China and Europe, given recent signs of weakening in economies.
5. Arrival this week: