Here is another graphic of changing demographics: The Next America. Some people look at this graphic and see the need to support an aging population – I look at this graphic, and I see one of the wonders of the 20th Century (increased life expectancy) – I also see that soon (by 2020) all of the largest cohorts will be under 40!
For Tuesday … just wondering … Will S&P post the press release online on a timely basis? And will the S&P website crash again?
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for February. Although this is the February report, it is really a 3 month average of December, January and February. The consensus is for a 13.0% year-over-year increase in the Composite 20 index (NSA) for February. The Zillow forecast is for the Composite 20 to increase 12.8% year-over-year, and for prices to increase 0.6% month-to-month seasonally adjusted.
• At 10:00 AM, Conference Board’s consumer confidence index for April. The consensus is for the index to increase to 83.0 from 82.3.
• Also at 10:00 AM, the Q1 Housing Vacancies and Homeownership report from the Census Bureau. This report is frequently mentioned by analysts and the media to report on the homeownership rate, and the homeowner and rental vacancy rates. However, this report doesn’t track with other measures (like the decennial Census and the ACS).