MCMANSION
A slang term that denotes a huge and luxurious house that is generic in style and represents a good value in terms of its size for the home buyer. Frequently found in suburb areas, McMansion is designed to provide middle and upper middle class homeowners a deluxe housing experience that used to be available to only high-net-worth people.
The term also denotes as a play on McDonald’s fast food restaurant chain. The homes depicts the pervasiveness and excessive consumption that critics often associate with the restaurant chain.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
