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Wednesday: New Home Sales, Fed Chair Powell

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 10:00 AM, New Home Sales for January from the Census Bureau. The consensus is for 855 thousand SAAR, up from 842 thousand in December.

• Also at 10:00 AM, Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives

• During the day, The AIA's Architecture Billings Index for January (a leading indicator for commercial real estate).

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