Here come home prices ...
Economists expect the index to show that home prices rose 0.9% month-over-month and rose 4.6% year-over-year, according to Bloomberg.
These forecasts reflect that home prices were likely unchanged month-over-month at 0.9% for a third straight period. The index rose 5% year-over-year in February.
In a preview, Barclays economists wrote:
"Housing starts slowed significantly during Q1 as construction was hit by the unseasonably cold weather in some parts of the country. Q2 data so far point to a rebound in activity, as well as solid home price momentum. The CoreLogic home price index picked up in March and a similar move for the S&P/Case Shiller survey would support our view that momentum in the housing market continues to pick up."
We'll be back with the numbers when they cross ...