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U.S. Day Ahead: More signs housing has turned a corner

Monday, August 27, 2012 - 01:54

Aug 27 - House prices are set to show their first ever year-on-year gain in almost 12 months when the S&P Case-Shiller index is released in the morning.

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-- think count down to the economy -- summit in Jackson Hole. It is action if any indication investors aren't making any big moves until they hear what Ben Bernanke hasn't say on Friday. In the meantime they're horning in on any numbers they can points whether the Fed possible pump more money into the US economy. He stepped to chew on will be the latest read on the housing market with the S&P Case Shiller Index. I have arts at home prices could show their first ever year on year gain in almost two years thanks mostly low mortgage rates it looks like residential real estate is finally turning a corner. Foreclosures are falling. Homebuilding is expected to pick up this year for the first time since 2005. Tropical storm I think is heading to Louisiana through the Gulf Coast and that has the energy sector on high alert. Refineries have been in the process of shutting down. And over what in barrels per day of capacity could eventually be off line. That's sending gasoline prices up and there's talk now the storm could force the US at least some of its reserves. To calm skittish markets. Republicans are hoping to get their convention back on track after Isaac took the wind out of its sales the first day's schedule was severely reduced. On fears this storm could hit Tampa where these events taking place. Is now reorganizing its speakers. Headlining on Tuesday it will be New Jersey governor Chris Christie and make sure you catch our live convention coverage at 11:30 AM eastern on Reuters dot job. Stay with Reuters TV in and fodder for more expert analysis on the big market numbers check out writers YouTube that Reuters dot com slash writers TV. Follow on Twitter Reuters Insider. I'm Rhonda -- this is right.

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U.S. Day Ahead: More signs housing has turned a corner

Monday, August 27, 2012 - 01:54