by Bill McBride on 7/18/2015 08:22:00 AM
Saturday, July 18, 2015
The key reports this week are June New Home sales on Friday, and June Existing Home Sales on Wednesday.
No economic releases scheduled.
10:00 AM ET: Regional and State Employment and Unemployment for June.
10:00 AM: The Federal Reserve will release the Annual revision for Industrial Production and Capacity Utilization
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
9:00 AM: FHFA House Price Index for May 2015. This was originally a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% month-to-month increase for this index.
10:00 AM: Existing Home Sales for June from the National Association of Realtors (NAR).
The consensus is for sales of 5.40 million on seasonally adjusted annual rate (SAAR) basis. Sales in May were at a 5.35 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 5.45 million SAAR.
A key will be the reported year-over-year change in inventory of homes for sale.
During the day: The AIA's Architecture Billings Index for June (a leading indicator for commercial real estate).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 279 thousand from 281 thousand.
8:30 AM ET: Chicago Fed National Activity Index for June. This is a composite index of other data.
11:00 AM: the Kansas City Fed manufacturing survey for July.
10:00 AM: New Home Sales for June from the Census Bureau.
This graph shows New Home Sales since 1963. The dashed line is the April sales rate.
The consensus is for an increase in sales to 550 thousand Seasonally Adjusted Annual Rate (SAAR) in June from 546 thousand in May.
Posted by Bill McBride on 7/18/2015 08:22:00 AM