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The City Café

For those interested in sharing ideas and perspectives regarding local government.

Residential construction creates a significant impact of sales tax revenue. This week there are a couple of important nationwide housing indicators released. Economic indicators to be released this week: 

Monday — Housing market index for May (expected up 2 to 16) 

Tuesday — Housing starts for April (expected 520,000) 

Tuesday — Building permits for April (expected 530,000) 

Thursday — Leading indicators for April (expected +0.8%) 

Thursday — Initial jobless claims (expected to be down 12,000) 

Source: NY Times and Bloomberg 
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