Weekly Schedule

The key economic report this week is August New Home Sales. Other key indicators include Personal Income and Outlays for August, and the Case-Shiller House Price Index for July.

Also the third estimate of Q2 GDP will be released.

For manufacturing, the September Richmond and Dallas manufacturing surveys will be released this week.

A key focus will be on the first Presidential debate on Monday.

----- Monday, Sept 26th -----

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

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

The consensus is for an decrease in sales to 598 thousand Seasonally Adjusted Annual Rate (SAAR) in August from 654 thousand in July.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for September.

From 9:00 to 10:30 PM: the First Presidential Debate at Hofstra University in New York.

----- Tuesday, Sept 27th -----

Case-Shiller House Prices Indices9:00 AM ET: S&P/Case-Shiller House Price Index for July. Although this is the July report, it is really a 3 month average of May, June and July prices.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the June 2016 report (the Composite 20 was started in January 2000).

The consensus is for a 5.2% year-over-year increase in the Comp 20 index for July. The Zillow forecast is for the National Index to increase 5.0% year-over-year in July.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for September.  This is the last of the regional Fed surveys for September.

----- Wednesday, Sept 28th -----

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

8:30 AM: Durable Goods Orders for August from the Census Bureau. The consensus is for a 1.9% decrease in durable goods orders.

10:00 AM: Testimony by Fed Chair Janet Yellen, Supervision and Regulation, Before the Committee on Financial Services, U.S. House of Representatives

----- Thursday, Sept 29th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 260 thousand initial claims, up from 252 thousand the previous week.

8:30 AM: Gross Domestic Product, 2nd quarter 2016 (Third estimate). The consensus is that real GDP increased 1.3% annualized in Q2, up from 1.1% in the second estimate.

10:00 AM: Pending Home Sales Index for August. The consensus is for a 0.5% increase in the index.

5:10 PM: Speech by Fed Chair Janet Yellen, Conversation with conference participants, At the Banking and the Economy: A Forum for Minority Bankers, Federal Reserve Bank of Kansas City, Kansas City, Missouri

----- Friday, Sept 30th -----

8:30 AM ET: Personal Income and Outlays for August. The consensus is for a 0.2% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%.

9:45 AM: Chicago Purchasing Managers Index for September. The consensus is for a reading of 52.0, up from 51.5 in August.

10:00 AM: University of Michigan's Consumer sentiment index (final for September). The consensus is for a reading of 90.1, up from the preliminary reading 89.8.