Saturday, March 22, 2014

Schedule for Week of March 23rd

by Calculated Risk on 3/22/2014 01:11:00 PM

The key reports this week are the third estimate of  Q4 GDP on Thursday, February New Home sales on Tuesday, February Personal Income and Outlays on Friday, and January Case-Shiller house prices, on Tuesday.

For manufacturing, the March Richmond and Kansas City Fed surveys will be released.

----- Monday, March 24th -----

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

----- Tuesday, March 25th -----

Case-Shiller House Prices Indices 9:00 AM: S&P/Case-Shiller House Price Index for January. Although this is the January report, it is really a 3 month average of November, December and January.

This graph shows the nominal seasonally adjusted Composite 10 and Composite 20 indexes through December 2013 (the Composite 20 was started in January 2000).

The consensus is for a 13.3% year-over-year increase in the Composite 20 index (NSA) for January. The Zillow forecast is for the Composite 20 to increase 13.0% year-over-year, and for prices to increase 0.5% month-to-month seasonally adjusted.

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

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

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

The consensus is for a decrease in sales to 440 thousand Seasonally Adjusted Annual Rate (SAAR) in February from 468 thousand in January. 

10:00 AM: Conference Board's consumer confidence index for March. The consensus is for the index to increase to 78.6 from 78.1.

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

----- Wednesday, March 26th -----

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

8:30 AM: Durable Goods Orders for February from the Census Bureau. The consensus is for a 1.0% increase in durable goods orders.

----- Thursday, March 27th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 325 thousand from 320 thousand.

8:30 AM: Q4 GDP (third estimate). This is the third estimate of Q4 GDP from the BEA. The consensus is that real GDP increased 2.7% annualized in Q4, revised up from the second estimate of 2.4%.

10:00 AM ET: Pending Home Sales Index for February. The consensus is for a 0.8% decrease in the index.

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

----- Friday, March 28th -----

8:30 AM ET: Personal Income and Outlays for February. The consensus is for a 0.2% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.1%.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (final for March). The consensus is for a reading of 80.5, up from the preliminary reading of 79.9, but down from the February reading of 81.6.

10:00 AM: Regional and State Employment and Unemployment (Monthly) for February 2014.