will post-industrial production data for October. Factory output is expected to increase 0.2% for the month, following a stronger-than-expected increase of 0.4% in September.Wednesday will bring the first of three housing-related reports due out this week. The National Association of Homebuilders will release its Housing Market Index for November. This closely followed gauge of homebuilder sentiment is anticipated to fall two points to 36, the lowest since April 2020.
Other reports to watch are housing starts and building permits on Thursday, and existing home sales on Friday.
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