Housing

The last day of the month brings a host of economic indicators, which showed much good news for housing and labor, strong consumer confidence, but mostly softer manufacturing conditions.

Sales of new U.S. homes unexpectedly rose in March, climbing to a 16-month high.

The pace of existing home sales fell by 4.9% to a 5.21 million annual rate in March after a surge in February.

U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017.

The National Association of Home Builders' housing market index rose to 63 in April from 62 in March.

The Stockton City Council voted to issue multifamily housing revenue bonds.

Green bonds and sustainable offerings are on tap this week as several sales are set to hit the market. Buyers are expected to snap up the paper that aims to fund clean water, school and housing initiatives.

Pending home sales declined 1.0% to an index reading of 101.9 in February, after a revised 4.3% gain to 102.9 in January, according to a report released Thursday by the National Association of Realtors.

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

The pace of existing home sales jumped by 11.8% to a 5.51 million annual rate in February, well above the 5.10 million rate expected.