The new home sales data is for February (pre-crisis), but the Richmond Fed manufacturing survey was taken in March and will likely show a sharp decline.
Note that the Philadelphia Fed Non-Manufacturing Survey will be released tomorrow morning. I usually don’t cover this, but I’ll post on it tomorrow.
Tuesday:
• At 10:00 AM ET, New Home Sales for February from the Census Bureau. The consensus is for 750 thousand SAAR, down from 764 thousand in January.
• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for March.