This Week: Housing starts, Netflix earns, leading indicators

Jan 16, 2022, 10:10 PM | Updated: 10:29 pm

A look at some of the key business events and economic indicators upcoming this week:

HOUSING MARKET BELLWETHER

New government data on residential construction should provide insight into the state of the new-home market.

The Commerce Department is expected to report Wednesday that builders broke ground on new apartments and single-family homes at a slower pace in December than in the previous month. The pace of U.S. home construction accelerated in November amid continued strong demand, though supply chain snarls have led to construction delays.

Housing starts, monthly, seasonally adjusted annual rate:

July 1,562,000

Aug. 1,573,000

Sept. 1,550,000

Oct. 1,502,000

Nov. 1,679,000

Dec. (est.) 1,655,000

Source: FactSet

BINGE THIS

Netflix serves up its latest quarterly report card Thursday.

Wall Street predicts the video streaming giant’s earnings declined and its revenue rose in the October-December quarter versus the same period in 2020. That would be a mixed finish to the year after posting profit and revenue growth the previous three quarters. Investors will be listening for an update on Netflix’s subscriber tally and its foray into video game streaming.

ECONOMIC BAROMETER

A gauge of the U.S. economy’s future health is expected to have improved last month.

Economists expect that the Conference Board will report Friday that its index of leading economic indicators rose 0.8% in December. That would follow an increase of 1.1% the previous month. The index, derived from data that for the most part have already been reported individually, is designed to anticipate economic conditions three to six months out.

Leading indicators, monthly percent change, seasonally adjusted:

July 0.9

Aug. 0.8

Sept. 0.3

Oct. 0.9

Nov. 1.1

Dec. (est.) 0.8

Source: FactSet

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Helicopter pilot helping Alaska firefighters dies in crash

ANCHORAGE, Alaska (AP) — A helicopter contracted to support firefighting efforts on an Interior Alaska blaze crashed after takeoff, killing the pilot, officials said Monday. The fatality was the first related to Alaska wildfires in 22 years. The pilot was identified as Douglas Ritchie, 56, of Wasilla, Alaska State Troopers said. He was the lone […]
14 hours ago
Associated Press

TreeHouse, Devon rise; Spirit Airlines, Royal Caribbean fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Spirit Airlines Inc., down $1.95 to $22.57. Frontier Group sweetened its buyout offer for the airline. TreeHouse Foods Inc., up 94 cents to $41.54. The food maker is reportedly considering selling its meal prep business. Devon Energy Corp., up $4.02 to […]
14 hours ago
Associated Press

How major US stock indexes fared Monday 6/27/2022

Stocks ended mixed after a day of wavering between gains and losses Monday as the market cools off following a rare winning week. The S&P 500, the Dow Jones Industrial Average and the Nasdaq fell. Small-company stocks rose. Declines in technology and communication stocks, and in several big retailers and travel-related companies weighed on the […]
14 hours ago
Associated Press

Amtrak train collides with dump truck, derails in Missouri

MENDON, Mo. (AP) — A passenger train traveling from to Chicago to Los Angeles derailed in Missouri on Monday afternoon and initial reports are that some people aboard were injured, Amtrak said. The Southwest Chief was carrying about 243 passengers when it collided with a dump truck in Mendon at 1:42 p.m., Amtrak spokeswoman Kimberly […]
14 hours ago
Associated Press

MSNBC appoints Alex Wagner as 4-night prime-time anchor

NEW YORK (AP) — MSNBC on Monday solidified its prime-time lineup by appointing Alex Wagner to fill Rachel Maddow’s time slot four nights a week, Tuesday through Friday. Wagner, who has worked at CBS News, as a co-host of Showtime’s “The Circus” and as an editor at The Atlantic, is on her second stint at […]
14 hours ago
Associated Press

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for August delivery rose $1.95 to $109.57 a barrel Monday. Brent crude for August delivery rose $1.97 to $115.09 a barrel. Wholesale gasoline for July delivery fell 4 cents to $3.84 a gallon. July heating oil fell 13 cents to $4.23 a gallon. July natural gas rose 28 cents to $6.50 […]
14 hours ago

Sponsored Articles

...

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
...
Day & Night Air

Tips to lower your energy bill in the Arizona heat

Does your summer electric bill make you groan? Are you looking for effective ways to reduce your bill?
...
Arizona Division of Problem Gambling

Arizona Division of Problem Gambling provides exclusion solution for young sports bettors

Sports betting in Arizona opened a new world to young adults, one where putting down money on games was as easy as sending a text message.
This Week: Housing starts, Netflix earns, leading indicators