Saturday, June 17, 2017

Schedule for Week of June 18, 2017

by Bill McBride on 6/17/2017 08:09:00 AM

The key economic reports this week are New and Existing Home sales for May.

----- Monday, June 19th -----

No major economic releases scheduled.

----- Tuesday, June 20th -----

No major economic releases scheduled.

----- Wednesday, June 21st -----

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

Existing Home Sales10:00 AM: Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 5.55 million SAAR, down from 5.57 million in April.

The graph shows existing home sales from 1994 through the report last month.

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

----- Thursday, June 22nd -----

8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, up from 237 thousand the previous week.

9:00 AM: FHFA House Price Index for April 2017. This was originally a GSE only repeat sales, however there is also an expanded index.

11:00 AM: the Kansas City Fed manufacturing survey for June.

----- Friday, June 23rd -----

Existing Home Sales10:00 AM ET: New Home Sales for May from the Census Bureau.

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

The consensus is for an increase in sales to 590 thousand Seasonally Adjusted Annual Rate (SAAR) in May from 569 thousand in April.