Saturday, September 22, 2012

Schedule for Week of Sept 23rd

by Bill McBride on 9/22/2012 08:01:00 AM

Note: I'll post the weekly summary soon ... There are two key housing reports to be released this week: Case-Shiller house price index for July on Tuesday, and August New Home sales on Wednesday.

Other key reports include the third estimate of Q2 GDP on Thursday, and August Personal Income and Spending on Friday.

----- Monday, Sept 24th-----
8:30 AM ET: Chicago Fed National Activity Index (August). This is a composite index of other data.

9:00 AM: LPS "First Look" Mortgage Delinquency Survey for August.

10:30 AM: Dallas Fed Manufacturing Survey for September. The consensus is for 0.5 for the general business activity index, up from -1.6 in August.

3:00 PM: San Francisco Fed President John Williams (voting member) speaks at The City Club of San Francisco, Jamison Roundtable Luncheon.

----- Tuesday, Sept 25th -----
Case-Shiller House Prices Indices 9:00 AM: 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.

This graph shows the nominal seasonally adjusted Composite 10 and Composite 20 indexes through June 2012 (the Composite 20 was started in January 2000).

The consensus is for a 1.2% year-over-year increase in the Composite 20 index (NSA) for July. The Zillow forecast is for the Composite 20 to increase 1.6% year-over-year, and for prices to increase 1.0% month-to-month seasonally adjusted.

10:00 AM: FHFA House Price Index for July 2012. This is based on GSE repeat sales and is no longer as closely followed as Case-Shiller (or CoreLogic). The consensus is for a 0.8% increase in house prices.

10:00 AM: Conference Board's consumer confidence index for September. The consensus is for an increase to 64.8 from 60.6 last month.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for September. The consensus is for an increase to -4 for this survey from -9 in August (above zero is expansion).

----- Wednesday, Sept 26th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.

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 increase in sales to 380 thousand Seasonally Adjusted Annual Rate (SAAR) in August from 372 thousand in July. Watch for possible upgrades to the sales rates for previous months.

----- Thursday, Sept 27th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 376 thousand from 382 thousand.

8:30 AM: Gross Domestic Product, 2nd quarter 2012 (third estimate); Corporate Profits, 2nd quarter 2012 (revised estimate) . This is the third estimate from the BEA. The consensus is that real GDP increased 1.7% annualized in Q2, unchanged form the second estimate.

8:30 AM: Durable Goods Orders for August from the Census Bureau. The consensus is for a 5.0% decrease in durable goods orders.

10:00 AM ET: Pending Home Sales Index for September. The consensus is for a 0.3% increase in the index.

11:00 AM: Kansas City Fed regional Manufacturing Survey for September. This is the last of the regional surveys for September. The consensus is for an a reading of 5, down from 8 in August (above zero is expansion).

----- Friday, Sept 28th -----
8:30 AM ET: Personal Income and Outlays for August. The consensus is for a 0.2% increase in personal income in August, and for 0.5% increase in personal spending. And for the Core PCE price index to increase 0.1%.

9:45 AM: Chicago Purchasing Managers Index for September. The consensus is for an increase to 53.1, up from 53.0 in August.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (final for September). The consensus is for a reading of 79.0, down from the preliminary September reading of 79.2, and up from the August reading of 74.3.