HOUSING MARKET BELLWETHER New residential construction data should provide insight into the state of the new-home market. The Commerce Department is expected to report Thursday that homebuilders broke ground on new apartments and single-family homes at a slower pace in September than in the previous month. U.S. home construction jumped 12.3% in August to a 12-year high on a surge in apartment construction.
Housing starts, monthly, seasonally adjusted annual rate: April 1,270,000 May 1,264,000 June 1,233,000 July 1,215,000 Aug. 1,364,000 Sept. (est.) 1,306,000 Source: FactSet REFRESHING RESULTS? Wall Street expects that Coca-Cola extended its string of solid results in the July-September quarter.
Financial analysts predict the beverage giant will report on Friday that its earnings and revenue increased in the third quarter from a year earlier. That would echo the company's performance in the first two quarters of this year. Coca-Cola has been growing its sales with new offerings like low-sugar sodas and iced coffees.