What to Watch in the Day Ahead - Wednesday, March 23

New U.S. single-family home sales are expected to have rebounded in February, suggesting the housing market recovery remains intact despite a recent sharp drop in purchases of previously owned homes. New home sales are estimated to have risen 3.2 percent to an annual rate of 510,000 units, according to a Reuters survey of economists. (1000/1400) Separately, the Mortgage Bankers Association will release its index on mortgage application activity. (0700/1100)