Saturday, October 20, 2018

Schedule for Week of October 21, 2018

by Bill McBride on 10/20/2018 08:11:00 AM

The key reports this week are September New Home sales, and the advance estimate of Q3 GDP.

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

----- Monday, Oct 22nd -----

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

----- Tuesday, Oct 23rd -----

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

----- Wednesday, Oct 24th -----

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 August 2018. This was originally a GSE only repeat sales, however there is also an expanded index.

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

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

The consensus is for 625 thousand SAAR, down from 629 thousand in August.

During the day: The AIA's Architecture Billings Index for August (a leading indicator for commercial real estate).

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

----- Thursday, Oct 25th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 212 thousand initial claims, up from 210 thousand the previous week.

8:30 AM: Durable Goods Orders for September from the Census Bureau. The consensus is for a 1.4% decrease in durable goods orders.

10:00 AM: Pending Home Sales Index for September. The consensus is for no change in the index.

11:00 AM: the Kansas City Fed manufacturing survey for October.

----- Friday, Oct 26th -----

8:30 AM: Gross Domestic Product, 3nd quarter 2018 (Advance estimate). The consensus is that real GDP increased 3.3% annualized in Q3, down from 4.2% in Q2.

10:00 AM: University of Michigan's Consumer sentiment index (Final for October). The consensus is for a reading of 99.0.