by Calculated Risk on 9/15/2012 01:10:00 PM

Earlier:
• Summary for Week Ending Sept 14th

There are three key housing reports to be released this week: September homebuilder confidence on Tuesday, and August housing starts and August Existing Home sales, both on Wednesday.

For manufacturing, the September NY Fed (Empire state) and Philly Fed surveys will be released this week.

Also, for data nerds, the Fed's Q2 Flow of Funds report, and the Census Bureau's 2011 American Community Survey will be released.

----- Monday, Sept 17th----- 8:30 AM: NY Fed Empire Manufacturing Survey for September. The consensus is for a reading of minus 2.0, up from minus 5.8 in August (above zero is expansion).

----- Tuesday, Sept 18th ----- 10:00 AM: The September NAHB homebuilder survey. The consensus is for a reading of 38, up from 37 in August. Although this index has been increasing lately, any number below 50 still indicates that more builders view sales conditions as poor than good.

----- Wednesday, Sept 19th ----- 7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.

8:30 AM: Housing Starts for August.

Total housing starts were at 746,000 (SAAR) in July, down 1.1% from the revised June rate of 754,000 (SAAR).

The consensus is for total housing starts to increase to 768,000 (SAAR) in August, up from 746,000 in July.

10:00 AM: Existing Home Sales for August from the National Association of Realtors (NAR).

The consensus is for sales of 4.55 million on seasonally adjusted annual rate (SAAR) basis. Sales in July 2012 were 4.47 million SAAR.

A key will be inventory and months-of-supply.

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

----- Thursday, Sept 20th ----- 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 373 thousand from 382 thousand.

9:00 AM: The Markit US PMI Manufacturing Index Flash. This is a new release and might provide hints about the ISM PMI for September. The consensus is for a reading of 51.5, down from 51.9 in August.

10:00 AM: Philly Fed Survey for September. The consensus is for a reading of minus 4.0, up from minus 7.1 last month (above zero indicates expansion).

10:00 AM: Conference Board Leading Indicators for September. The consensus is no change in this index.

12:00 PM: Q2 Flow of Funds Accounts from the Federal Reserve.

Note: On Thursday, the Census Bureau will release the 2011 American Community Survey estimates.

----- Friday, Sept 21st ----- 10:00 AM: Regional and State Employment and Unemployment (Monthly) for August 2012