Saturday, March 19, 2016

Schedule for Week of March 20, 2016

by Bill McBride on 3/19/2016 08:11:00 AM

The key reports this week are the third estimate of Q4 GDP, and February Existing and New Home sales.

----- Monday, March 21st -----

8:30 AM ET: Chicago Fed National Activity Index for February. This is a composite index of other data.

Existing Home Sales10:00 AM: Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 5.34 million SAAR, down from 5.47 million in January.

Economist Tom Lawler expects the NAR to report sales of 5.20 million SAAR for February.

----- Tuesday, March 22nd -----

9:00 AM: FHFA House Price Index for January 2016. This was originally a GSE only repeat sales, however there is also an expanded index.  The consensus is for a 0.6% month-to-month increase for this index.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for March.

----- Wednesday, March 23rd -----

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

New Home Sales10:00 AM: New Home Sales for February from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the January sales rate.

The consensus is for a increase in sales to 510 thousand Seasonally Adjusted Annual Rate (SAAR) in February from 494 thousand in January.

During the day: The AIA's Architecture Billings Index for February (a leading indicator for commercial real estate).

----- Thursday, March 24th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 268 thousand initial claims, up from 265 thousand the previous week.

8:30 AM: Durable Goods Orders for February from the Census Bureau. The consensus is for a 3.0% decrease in durable goods orders.

11:00 AM: Kansas City Fed Survey of Manufacturing Activity for March.

----- Friday, March 25th -----

8:30 AM ET: Gross Domestic Product, 4th quarter 2015 (Third estimate). The consensus is that real GDP increased 1.0% annualized in Q4, unrevised from the second estimate.

10:00 AM ET: Regional and State Employment and Unemployment (Monthly) for February 2016 from BLS.