Saturday, November 23, 2013

Schedule for Week of November 24th

by Bill McBride on 11/23/2013 01:03:00 PM

This will be a short, but busy week. The key reports this week are housing permits for both September and October, and Case-Shiller house prices.

For manufacturing, the Dallas and Richmond Fed November surveys will be released this week.

----- Monday, November 25th -----

10:00 AM ET: Pending Home Sales Index for October. The consensus is for a 1.1% increase in the index.

10:30 AM: Dallas Fed Manufacturing Survey for November.  The consensus is a reading of 5.0, up from 3.6 in October (above zero is expansion).

----- Tuesday, November 26th-----

8:30 AM: Housing Permits for September and October. Housing starts have been delayed until December 18th.

9:00 AM: FHFA House Price Index for September 2013. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% increase.

Case-Shiller House Prices Indices 9:00 AM: S&P/Case-Shiller House Price Index for September. Although this is the September report, it is really a 3 month average of July, August and September.

This graph shows the nominal seasonally adjusted Composite 10 and Composite 20 indexes through July 2012 (the Composite 20 was started in January 2000).

The consensus is for a 13.1% year-over-year increase in the Composite 20 index (NSA) for August. The Zillow forecast is for the Composite 20 to increase 13.2% year-over-year, and for prices to increase 0.8% month-to-month seasonally adjusted.

10:00 AM: Conference Board's consumer confidence index for November. The consensus is for the index to increase to 72.9 from 71.2.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for November.  The consensus is a reading of 4, up from 1 in October (above zero is expansion).

----- Wednesday, November 27th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 330 thousand from 323 thousand last week.

8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 2.0% decrease in durable goods orders.

8:30 AM ET: Chicago Fed National Activity Index for October.

9:45 AM: Chicago Purchasing Managers Index for November. The consensus is for a decrease to 60.5, down from 65.9 in October.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (final for November). The consensus is for a reading of 73.3, up from the preliminary reading of 72.0, and up from the October reading of 73.2.

10:00 AM: Conference Board Leading Indicators for October. The consensus is for a 0.1% increase in this index.

----- Thursday, November 28th -----

All US markets will be closed in observance of the Thanksgiving Day Holiday.

----- Friday, November 29th -----

US markets will close at 2:00 PM ET following the Thanksgiving Day Holiday. The NYSE will close at 1:00 PM ET.