by Bill McBride on 4/16/2016 08:21:00 AM
Saturday, April 16, 2016
The key economic reports this week are March housing starts on Tuesday, and March Existing Home Sales on Wednesday.
From manufacturing, the April Philly Fed manufacturing survey will be released this week.
10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of 59, up from 58 in March. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM: Housing Starts for March.
Total housing starts decreased to 1.178 million (SAAR) in February. Single family starts increased to 822 thousand SAAR in February.
The consensus for 1.167 million, down from the February rate.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.27 million SAAR, up from 5.08 million in February.
During the day: The AIA's Architecture Billings Index for March (a leading indicator for commercial real estate).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 253 thousand the previous week.
8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of 9.0, down from 12.4.
8:30 AM ET: Chicago Fed National Activity Index for March. This is a composite index of other data.
9:00 AM: FHFA House Price Index for February 2016. 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.
No economic releases scheduled.
Posted by Bill McBride on 4/16/2016 08:21:00 AM