by Calculated Risk on 5/20/2017 08:11:00 AM
Saturday, May 20, 2017
Schedule for Week of May 21, 2017
The key economic reports this week are April New and Existing Home sales, and the second estimate of Q1 GDP.
8:30 AM: Chicago Fed National Activity Index for April. This is a composite index of other data.
This graph shows New Home Sales since 1963. The dashed line is the March sales rate.
The consensus is for a decrease in sales to 604 thousand Seasonally Adjusted Annual Rate (SAAR) in April from 621 thousand in March.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for May.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
9:00 AM: FHFA House Price Index for March 2017. This was originally a GSE only repeat sales, however there is also an expanded index.
Housing economist Tom Lawler estimates the NAR will report sales of 5.56 million SAAR for April.
During the day: The AIA's Architecture Billings Index for April (a leading indicator for commercial real estate).
2:00 PM: FOMC Minutes for the Meeting of May 2 - 3, 2017
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 237 thousand initial claims, up from 232 thousand the previous week.
11:00 AM: the Kansas City Fed manufacturing survey for May.
8:30 AM: Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.9% decrease in durable goods orders.
8:30 AM: Gross Domestic Product, 1st quarter 2017 (Second estimate). The consensus is that real GDP increased 0.8% annualized in Q1, up from the advance estimate of 0.7%.
10:00 AM: University of Michigan's Consumer sentiment index (final for May). The consensus is for a reading of 97.6, down from the preliminary reading 97.7.