Saturday, July 16, 2016

Schedule for Week of July 17, 2016

by Bill McBride on 7/16/2016 08:11:00 AM

The key economic reports this week are June housing starts, and June Existing Home Sales.

For manufacturing, the July Philly Fed manufacturing survey will be released this week.

----- Monday, July 18th -----

10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of  61, up from 60 in June.  Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Tuesday, July 19th -----

Total Housing Starts and Single Family Housing Starts8:30 AM: Housing Starts for June.

Total housing starts decreased to 1.164 million (SAAR) in May. Single family starts increased to 764 thousand SAAR in May.

The consensus for 1.170 million, up from the May rate.

----- Wednesday, July 20th -----

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 June (a leading indicator for commercial real estate).

----- Thursday, July 21st -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 265 thousand initial claims, up from 254 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 5.0, up from 4.7.

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

9:00 AM: FHFA House Price Index for May 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.

Existing Home Sales10:00 AM: Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 5.48 million SAAR, down from 5.53 million in May.

----- Friday, July 22nd -----

10:00 AM: Regional and State Employment and Unemployment for June 2016