Reuters - Video

Edition: US | UK | IN | CN | JP

Video

U.S. Day Ahead: New home sales should rise

Thursday, March 22, 2012 - 04:17

Mar. 22- Economists predict improvement for February new home sales while analysts expect profit to rise at Darden Restaurants.

▲ Hide Transcript

View Transcript

-- you -- US stay ahead after a disappointing report on existing home sales Wednesday. The focus shifts to new home sales economists and the -- all looking for a slight improvement in February to an annual rate of 325000. From 321000. In January. That a number of factors that could support as I -- stronger report this month the jobs market is improving that was very good weather in February said the traffic was off. -- distressed homes sales -- fewer of those coming onto the market for less competition and then mortgage rates they -- -- around record it's. Builder KB home reports results investors looking for a job in order -- what its competitors and in the past few weeks the weak spot for the largest US home the other is usually -- Which have lagged its larger rivals for some time now. Shares of KB home lot of also by the this year outperforming the broader market. Also reporting results is Darden restaurant's owner of red lobster and not that -- Or that I care. Yes that one big company also owns the olive garden -- Analysts expecting the Italian themed restaurants to help aren't -- reporting gain in profit company raised its forecast in February. Based on the expected turn around and all of -- and good weather. Ben Bernanke halfway through a four part series on -- the crisis he takes have been agreed there. And Fed Chairman reduces his speaking -- re opening remarks that affect conference on the role -- the Central Bank before daring. And after the crisis well fed president Dennis Lockhart discusses his role at the banking and monetary policy with students at Georgetown University. I'm Rhonda -- this is writers. Okay that's fine I wasn't sure. Okay that's fine. Okay. And then -- we have to do last story over anyways side. -- But you I -- from the top. Okay so I'll let you lead me. I'll let you lead me on about us. -- you're US -- ahead after a disappointing report on existing home sales Wednesday. The focus shifts to new homes sales. Economists from the Reuters poll looking for a slight improvement in February to an annual rate of 325000. Up from 321000. In January. The number of factors that could support a slightly stronger reported this month the jobs market is improving that was very good weather in February -- that traffic was off. The distressed home sales has fewer of those coming home -- -- gives -- less competition and then mortgage rates they both are around record -- Better KB home reports results investors looking for a jump in order growth similar to what its competitors spent the past few weeks. The -- not for the fifth largest US home builder is usually margins. Which it lagged its larger rivals for some time now. Shares of KB home on a bit of a -- so far in 2012. Outperforming the broader market. Also reporting results started restaurant owner of red lobster not that one. That would either. Yes that want the company also owns the olive garden -- analysts expecting the Italian themed restaurants to help start reporting in net profit. The company raised its forecast in February based on expected turn around an olive garden and whether. Bernanke halfway through a four part series on the financial crisis takes a bit of a breeder but chairman reduces and speaking of re opening remarks at a conference. On the role of the Central Bank before during and after the crisis. Well let president Dennis Lockhart discusses his role at the bank and monetary policy with students in Georgetown University. I'm Rhonda schaffler is writers and.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Day Ahead: New home sales should rise

Thursday, March 22, 2012 - 04:17