by Bill McBride on 11/19/2016 10:47:00 AM
Saturday, November 19, 2016
The key economic reports this week are October News Home sales and Existing Home sales.
Happy Thanksgiving to All!
8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.
10:00 AM: Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 5.42 million SAAR, down from 5.47 million in September.
Housing economist Tom Lawler expects the NAR to report sales of 5.47 million SAAR in October, unchanged from September's preliminary pace.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for November.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 250 thousand initial claims, up from 235 thousand the previous week.
8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 1.5% increase in durable goods orders.
9:00 AM: FHFA House Price Index for September 2016. This was originally a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.7% month-to-month increase for this index.
10:00 AM ET: New Home Sales for September from the Census Bureau.
This graph shows New Home Sales since 1963. The dashed line is the September sales rate.
The consensus is for an decrease in sales to 590 thousand Seasonally Adjusted Annual Rate (SAAR) in October from 593 thousand in September.
10:00 AM: University of Michigan's Consumer sentiment index (final for October). The consensus is for a reading of 91.6, unchanged from the preliminary reading 91.6.
2:00 PM: FOMC Minutes for Meeting of November 1-2
All US markets will be closed in observance of the Thanksgiving Day Holiday.
The NYSE and the NASDAQ will close at 1:00 PM ET.
Posted by Bill McBride on 11/19/2016 10:47:00 AM