Monday, December 21, 2015

Tuesday: GDP, Existing Home Sales, and More

by Bill McBride on 12/21/2015 07:53:00 PM

From Joe Weisenthal at Bloomberg Odd Lots: How One Woman Tried To Warn Everyone About The Housing Crash

Or as Bloomberg's Tracy Alloway tweeted: "Big Short be damned. Listen to the conversation @TheStalwart and I had with @calculatedrisk about who saw it coming"

Tanta Vive!!!

Tuesday:
• At 8:30 AM ET, Gross Domestic Product, 3rd quarter 2015 (Third estimate). The consensus is that real GDP increased 2.0% annualized in Q3, revised down from the second estimate of 2.1%.

• At 9:00 AM, FHFA House Price Index for October 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.

• At 10:00 AM, Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 5.32 million SAAR, down from 5.36 million in October. Economist Tom Lawler estimates the NAR will report sales of 4.97 million SAAR.

• Also at 10:00 AM, the Richmond Fed Survey of Manufacturing Activity for December.