Saturday, October 25, 2014

Schedule for Week of October 26th

by Calculated Risk on 10/25/2014 02:31:00 PM

The key report this week is Q3 GDP on Thursday.

There will be an FOMC meeting on Tuesday and Wednesday, and the FOMC is expected to announce the end of QE3 on Wednesday.

----- Monday, October 27th -----

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

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

During the day (Monday or Tuesday): Q3 NMHC Apartment Tightness Index.

----- Tuesday, October 28th -----

8:30 AM: Durable Goods Orders for September from the Census Bureau. The consensus is for a 0.9% increase in durable goods orders.

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

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

The consensus is for a 4.9% year-over-year increase in the National Index for August , down from 5.7% in July (consensus 5.8% increase in Comp 20). The Zillow forecast is for the Composite 20 to increase 5.7% year-over-year in August, and for prices to increase 0.1% month-to-month seasonally adjusted.

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

10:00 AM: Conference Board's consumer confidence index for October. The consensus is for the index to increase to 87.2 from 86.0.

10:00 AM: Q3 Housing Vacancies and Homeownership report from the Census Bureau. This report is frequently mentioned by analysts and the media to report on the homeownership rate, and the homeowner and rental vacancy rates. However, this report doesn't track with other measures (like the decennial Census and the ACS).

----- Wednesday, October 29th -----

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

2:00 PM: FOMC Meeting Statement.  The FOMC is expected to announce the end of QE3 asset purchases at this meeting.

----- Thursday, October 30th -----

8:30 AM: Gross Domestic Product, 3rd quarter 2014 (advance estimate). The consensus is that real GDP increased 2.8% annualized in Q3.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 280 thousand from 283 thousand.

----- Friday, October 31st -----

8:30 AM: Personal Income and Outlays for September. 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 0.1%.

9:45 AM: Chicago Purchasing Managers Index for October. The consensus is for a reading of 60.0, down from 60.5 in September.

9:55 AM: Reuter's/University of Michigan's Consumer sentiment index (final for October). The consensus is for a reading of 86.4, unchanged from the preliminary reading of 86.4, and up from the September reading of 84.6.