Monday, November 25, 2013

Tuesday: Housing Permits, Case-Shiller House Prices

by Calculated Risk on 11/25/2013 10:47:00 PM

Just a reminder ... housing starts have been delayed again ... but permits will be released on Tuesday. This will apparent surprise some people, from CNBC: Tuesday look-ahead: Markets watching housing starts

"The most telling news is tomorrow with housing starts," said Terry Sandven, chief equity strategist for U.S. Bank Wealth Management. ... The report will offer "one more nice data point as to how healthy the economy really is and where it might be going," said JJ Kinahan, chief strategist at TD Ameritrade
Tuesday:
• At 8:30 AM ET, the Housing Permits for September and October. Housing starts have been delayed until December 18th.

• At 9:00 AM, the FHFA House Price Index for September 2013. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% increase.

• Also at 9:00 AM, the S&P/Case-Shiller House Price Index for September. Although this is the September report, it is really a 3 month average of July, August and September. The consensus is for a 13.1% year-over-year increase in the Composite 20 index (NSA) for August.

• At 10:00 AM, the Conference Board's consumer confidence index for November. The consensus is for the index to increase to 72.9 from 71.2.

• Also at 10:00 AM, the Richmond Fed Survey of Manufacturing Activity for November. The consensus is a reading of 4, up from 1 in October (above zero is expansion).