by Calculated Risk on 10/24/2015 08:11:00 AM

The key reports this week are September New Home sales on Monday, the advance estimate of Q3 GDP on Thursday, and August Case-Shiller house prices on Tuesday.

The FOMC meets on Tuesday and Wednesday, but no change in policy is expected.

----- Monday, October 26th -----
10:00 AM: New Home Sales for September from the Census Bureau.

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

The consensus is for a decrease in sales to 549 thousand Seasonally Adjusted Annual Rate (SAAR) in September from 552 thousand in August.

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

----- Tuesday, October 27th -----
8:30 AM: Durable Goods Orders for September from the Census Bureau. The consensus is for a 1.0% decrease in durable goods orders.

9:00 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 2015 report (the Composite 20 was started in January 2000).

The consensus is for a 5.1% year-over-year increase in the Comp 20 index for August. The Zillow forecast is for the National Index to increase 4.7% year-over-year in August.

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

10:00 AM: the Q3 Housing Vacancies and Homeownership from the Census Bureau.

----- Wednesday, October 28th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

2:00 PM: FOMC Meeting Announcement.  No change in policy is expected at this meeting.

----- Thursday, October 29th -----
8:30 AM ET: Gross Domestic Product, 3rd quarter 2015 (Advance estimate). The consensus is that real GDP increased 1.7% annualized in Q3.

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 265 thousand initial claims, up from 259 thousand the previous week.

10:00 AM: Pending Home Sales Index for September. The consensus is for a 1.0% increase in the index.

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

8:30 AM ET: Employment Cost Index for Q3.  The consensus is for a 0.6% increase in Q3.

9:45 AM: Chicago Purchasing Managers Index for October. The consensus is for a reading of 49.2, up from 48.7 in September.

10:00 AM: University of Michigan's Consumer sentiment index (final for October). The consensus is for a reading of 92.5, up from the preliminary reading of 92.1.