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Saturday, August 23, 2014

Schedule for Week of August 24th

by Calculated Risk on 8/23/2014 01:04:00 PM

The key reports this week are July New Home sales on Monday, the second estimate of Q2 GDP on Thursday, and Case-Shiller house prices on Tuesday.

For manufacturing, the August Dallas, Richmond and Kansas City Fed surveys will be released this week.

----- Monday, August 25th -----

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

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

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

The consensus is for an increase in sales to 425 thousand Seasonally Adjusted Annual Rate (SAAR) in July from 406 thousand in June.

10:30 AM: Dallas Fed Manufacturing Survey for August.

----- Tuesday, August 26th -----

8:30 AM: Durable Goods Orders for July from the Census Bureau. The consensus is for a 5.1% increase in durable goods orders.

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

This graph shows the nominal seasonally adjusted Composite 10 and Composite 20 indexes through the May 2014 report (the Composite 20 was started in January 2000).

The consensus is for a 8.4% year-over-year increase in the Composite 20 index (NSA) for June. The Zillow forecast is for the Composite 20 to increase 8.1% year-over-year, and for prices to be unchanged month-to-month seasonally adjusted.

9:00 AM: FHFA House Price Index for June. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.3% increase.

10:00 AM: Conference Board's consumer confidence index for August. The consensus is for the index to decrease to 89.7 from 90.9.

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

----- Wednesday, August 27th -----

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

----- Thursday, August 28th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 300 thousand from 298 thousand.

8:30 AM: Gross Domestic Product, 2nd quarter 2014 (second estimate). The consensus is that real GDP increased 4.0% annualized in Q2, unchanged from 4.0% in the advance estimate.

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

11:00 AM: the Kansas City Fed manufacturing survey for August. This is the last of the Fed regional surveys for August.

----- Friday, August 29th -----

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

9:45 AM: Chicago Purchasing Managers Index for August. The consensus is for an increase to 56.0, up from 52.6 in July.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (final for August). The consensus is for a reading of 80.3, up from the preliminary reading of 79.2, and down from the July reading of 82.5.