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Saturday, November 24, 2018

Schedule for Week of November 25, 2018

by Calculated Risk on 11/24/2018 08:11:00 AM

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

Other key indicators include Personal Income and Outlays for October and Case-Shiller house prices for September.

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

----- Monday, Nov 26th -----

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

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

----- Tuesday, Nov 27th -----

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

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

The consensus is for a 5.3% year-over-year increase in the Comp 20 index for September.

9:00 AM: FHFA House Price Index for September 2018. This was originally a GSE only repeat sales, however there is also an expanded index.

----- Wednesday, Nov 28th -----

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

8:30 AM: Gross Domestic Product, 3nd quarter 2018 (Second estimate). The consensus is that real GDP increased 3.5% annualized in Q3, unchanged from the advance estimate of GDP.

New Home Sales10:00 AM: New Home Sales for October 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 575 thousand SAAR, up from 553 thousand in September.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for November. This is the last of the regional Fed manufacturing surveys for November.

12:00 PM: Speech by Fed Chair Jerome Powell, The Federal Reserve's Framework for Monitoring Financial Stability, At The Economic Club of New York Signature Luncheon, New York, New York

----- Thursday, Nov 29th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 218 thousand initial claims, down from 224 thousand the previous week.

8:30 AM: Personal Income and Outlays for October. 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%.

10:00 AM: Pending Home Sales Index for October. The consensus is for a 0.5% increase in the index.

2:00 PM: The Fed will release the FOMC Minutes for the Meeting of November 7-8, 2018

----- Friday, Nov 30th -----

9:45 AM: Chicago Purchasing Managers Index for November. The consensus is for a reading of 58.0, down from 58.4 in October.