by Bill McBride on 10/17/2015 08:11:00 AM
Saturday, October 17, 2015
The key economic reports this week are September housing starts on Tuesday, and September Existing Home Sales on Thursday.
10:00 AM: The October NAHB homebuilder survey. The consensus is for a reading of 62, unchanged from September. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM: Housing Starts for September.
Total housing starts decreased to 1.126 million (SAAR) in August. Single family starts decreased to 739 thousand SAAR in August.
The consensus for 1.147 million, up from August.
10:00 AM ET: Regional and State Employment and Unemployment for September.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
During the day: The AIA's Architecture Billings Index for September (a leading indicator for commercial real estate).
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 255 thousand the previous week.
8:30 AM ET: Chicago Fed National Activity Index for September. This is a composite index of other data.
9:00 AM: FHFA House Price Index for August 2015. This was originally a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.5% month-to-month increase for this index.
10:00 AM: Existing Home Sales for September from the National Association of Realtors (NAR). The consensus is for 5.35 million SAAR, up from 5.31 million in August.
Economist Tom Lawler estimates the NAR will report sales of 5.56 million SAAR.
A key will be the reported year-over-year change in inventory of homes for sale.
11:00 AM: the Kansas City Fed manufacturing survey for September.
During the day: Q3 NMHC Apartment Tightness Index.
No economic released scheduled.
Posted by Bill McBride on 10/17/2015 08:11:00 AM