Saturday, April 21, 2018

Schedule for Week of Apr 22, 2018

by Bill McBride on 4/21/2018 08:11:00 AM

The key economic reports this week are the advance estimate of Q1 GDP, March new and existing home sales, and Case-Shiller house prices.

----- Monday, Apr 23rd -----

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

Existing Home Sales10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.28 million SAAR, down from 5.54 million in February.

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

Housing economist Tom Lawler estimates the NAR will reports sales of 5.51 million SAAR for March.

----- Tuesday, Apr 24th -----

Case-Shiller House Prices Indices9:00 AM ET: S&P/Case-Shiller House Price Index for February.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the January 2018 report (the Composite 20 was started in January 2000).

The consensus is for a 6.2% year-over-year increase in the Comp 20 index for February.

9:00 AM: FHFA House Price Index for February 2018. This was originally a GSE only repeat sales, however there is also an expanded index.

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

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

The consensus is for 630 thousand SAAR, up from 618 thousand in February.

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

----- Wednesday, Apr 25th -----

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

----- Thursday, Apr 26th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 230 thousand initial claims, down from 232 thousand the previous week.

8:30 AM: Durable Goods Orders for March from the Census Bureau. The consensus is for a 1.7% increase in durable goods orders.

10:00 AM: the Q1 2018 Housing Vacancies and Homeownership from the Census Bureau.

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

----- Friday, Apr 27th -----

8:30 AM: Gross Domestic Product, 1st quarter 2018 (Advance estimate). The consensus is that real GDP increased 2.0% annualized in Q1, down from 2.9% in Q4.

10:00 AM: University of Michigan's Consumer sentiment index (Final for April). The consensus is for a reading of 98.0, up from 97.8..