Home prices, General Mills earns, consumer spending

Jun 26, 2022, 9:10 PM | Updated: 9:43 pm

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


A limited inventory of homes for sale coupled with strong demand has helped keep U.S. home prices climbing sharply.

S&P’s CoreLogic Case-Shiller home price index tracks the value of homes in 20 major U.S. metropolitan areas. It jumped 21.2% in March from a year earlier, up from a 20.3% year-over-year increase in February. Economists project that April’s reading, which is due out Tuesday, will show another 21.2% increase in home prices from a year earlier.

S&P CoreLogic Case-Shiller home price index, annual percent change, by month:

Nov. 18.3

Dec. 18.5

Jan. 19.0

Feb. 20.3

March 21.2

April (est.) 21.2

Source: FactSet


Wall Street expects that General Mills closed out its last fiscal year on a strong note.

Analysts predict the company’s fiscal fourth-quarter earnings and revenue increased from a year earlier. That would echo General Mills’ third-quarter results. The maker of Cheerios cereal and Blue Buffalo pet food raised its earnings forecast for 2022 in March, citing expectations for strong growth, in part due to higher prices. General Mills serves up its latest quarterly report card Wednesday.


The Commerce Department delivers its May snapshot of consumer spending Thursday.

The report is closely monitored by the Federal Reserve as a barometer of inflation. While consumer spending has slowed on a monthly basis since climbing 2.1% in January, it rose a healthy 0.9% in April. Consumers’ willingness to keep spending freely despite inflated prices is helping sustain the economy, but could make the Fed’s goal of taming inflation even harder.

Consumer spending, monthly percent change, seasonally adjusted:

Dec. -0.9

Jan. 2.1

Feb. 0.6

March 1.4

April 0.9

May (est.) 0.7

Source: FactSet

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 This material may not be published, broadcast, rewritten or redistributed.


(Facebook Photo/City of San Luis, Arizona)...
Associated Press

San Luis authorities receive complaints about 911 calls going across border

Authorities in San Luis say they are receiving more complaints about 911 calls mistakenly going across the border.
2 days ago
(Pexels Photo)...
Associated Press

Daylight saving time begins in most of US this weekend

No time change is observed in Hawaii, most of Arizona, Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam and the Northern Marianas.
10 days ago
Mexican army soldiers prepare a search mission for four U.S. citizens kidnapped by gunmen in Matamo...
Associated Press

How the 4 abducted Americans in Mexico were located

The anonymous tip that led Mexican authorities to a remote shack where four abducted Americans were held described armed men and blindfolds.
10 days ago
Tom Brundy points to a newly built irrigation canal on one of the fields at his farm Tuesday, Feb. ...
Associated Press

Southwest farmers reluctant to idle farmland to save water

There is a growing sense that fallowing will have to be part of the solution to the increasingly desperate drought in the West.
17 days ago
A young bison calf stands in a pond with its herd at Bull Hollow, Okla., on Sept. 27, 2022. The cal...
Associated Press

US aims to restore bison herds to Native American lands after near extinction

U.S. officials will work to restore more large bison herds to Native American lands under a Friday order from Interior Secretary Deb Haaland.
17 days ago
Children play in a dried riverbed in Flassans-sur-Issole, southern France, Wednesday, March 1, 2023...
Associated Press

Italy, France confront 2nd year of western Europe drought

ROME (AP) — Bracing for Italy’s second consecutive year of drought for the first time in decades, Premier Giorgia Meloni huddled with ministers Wednesday to start mapping out an action plan Wednesday, joining France and other nations in western Europe grappling with scant winter rain and snow. Meloni and her ministers decided to appoint an […]
19 days ago

Sponsored Articles

Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
Home prices, General Mills earns, consumer spending