Saturday, June 23, 2018

Schedule for Week of June 24, 2018

by Bill McBride on 6/23/2018 08:11:00 AM

The key economic reports this week are May New Home Sales and the third estimate of Q1 GDP.

Other key indicators include Personal Income and Outlays for May, and Case-Shiller house prices for April.

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

----- Monday, June 25th -----

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

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

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

The consensus is for 665 thousand SAAR, up from 662 thousand in April.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for June.

----- Tuesday, June 26h -----

Case-Shiller House Prices Indices9:00 AM ET: S&P/Case-Shiller House Price Index for April.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the January 2018 report (the Composite 20 was started in January 2000).

The consensus is for a 6.8% year-over-year increase in the Comp 20 index for April.

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

----- Wednesday, June 27th -----

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

Early: Reis Q2 2018 Apartment Survey of rents and vacancy rates.

8:30 AM: Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.6% decrease in durable goods orders.

10:00 AM: Pending Home Sales Index for May. The consensus is for a 0.7% increase in the index.

----- Thursday, June 28th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 220 thousand initial claims, up from 218 thousand the previous week.

8:30 AM: Gross Domestic Product, 1st quarter 2018 (Third estimate). The consensus is that real GDP increased 2.2% annualized in Q1, unchanged from the second estimate of 2.2% in Q1.

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

----- Friday, June 29th -----

8:30 AM: Personal Income and Outlays for May. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%.

9:45 AM: Chicago Purchasing Managers Index for June. The consensus is for a reading of 60.1, down from 62.7 in May.

10:00 AM: University of Michigan's Consumer sentiment index (Final for June). The consensus is for a reading of 99.2, down from 99.3.