Saturday, December 26, 2015

Schedule for Week of December 27th

by Bill McBride on 12/26/2015 08:11:00 AM

This will be a light week for economic data.

The key report this week is Case-Shiller house prices on Tuesday.

Happy New Year!

----- Monday, December 28th -----

10:30 AM: Dallas Fed Manufacturing Survey for December. This is the last of the regional manufacturing surveys for December.

----- Tuesday, December 29th -----

Case-Shiller House Prices Indices9:00 AM: S&P/Case-Shiller House Price Index for October. Although this is the October report, it is really a 3 month average of August, September and October prices.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the September 2015 report (the Composite 20 was started in January 2000).

The consensus is for a 5.4% year-over-year increase in the Comp 20 index for October. The Zillow forecast is for the National Index to increase 4.9% year-over-year in October.

----- Wednesday, December 30th -----

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

10:00 AM: Pending Home Sales Index for November. The consensus is for a 0.5% increase in the index.

----- Thursday, December 31st -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 270 thousand initial claims, up from 267 thousand the previous week.

9:45 AM: Chicago Purchasing Managers Index for December. The consensus is for a reading of 50.0, up from 48.7 in November.

----- Friday, January 1st -----

All US markets will be closed for New Year's Day.