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U.S. Day Ahead: 5 million reasons to watch home sales

Wednesday, March 20, 2013 - 01:46

Mar 20 - Existing home sales expected to hit a level not seen since 2009.

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The strengthening US housing market expected to hit new highs when existing home sales cannot attend. Economists polled by Reuters looking for a five million unit pace from February's data on the highest level since December 2009. Prices have been rising to one inventory has been following it is the lowest in about eight years. Weekly jobless claims and -- Philly Fed manufacturing survey also out there's. Improvements in housing making investors enthusiastic about KB home -- home builders stock rose more than 3% to 52 week high. The day before releases quarterly results. In January 5 largest US home builders -- orders jumped more than 50% in the first half of the quarter. There -- expected improvement to moderate as the quarter progressed. Investors bidding up Nike ahead of its results to. See companies expect to report higher quarterly profit on stronger demand in China -- he experienced his strongest sales in the previous quarter in North America. Revenue rose -- more than twice its global -- Delhi retail fund manager Peter Dixon says Nike is a top holding a brand that consumers associate with -- great products at the valley. Consumers are that -- an overtime ending a willingness to spend money. And pay higher prices at the product of the brand is what -- what they really desire. Investors will be looking for more transparency from lululemon. The Canadian based retailer yoga -- and other items reports quarterly results. The numbers come out a few days after the company recall axes of hands budget -- to see through. -- on Twitter Reuters Insider and get more of our great videos -- Reuters dot com slash Reuters TV I'm Fred Katayama this is going.

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U.S. Day Ahead: 5 million reasons to watch home sales

Wednesday, March 20, 2013 - 01:46