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Economy Week Ahead: Housing and Retail Sales in Focus

·1 min read
Economy Week Ahead: Housing and Retail Sales in Focus

Economists surveyed by The Wall Street Journal expect that the index—a measure of building confidence—declined slightly. The Federal Reserve Bank of New York is slated to release its monthly Empire State Manufacturing Survey, and economists expect to show a decline in general business conditions. Economists estimate that new residential construction fell 3.8% in July, as buyers face record housing prices.