Saturday, July 20, 2019

Schedule for Week of July 21, 2019

by Calculated Risk on 7/20/2019 08:11:00 AM

The key reports this week are the advance estimate of Q2 GDP, and June New and Existing Home Sales.

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

----- Monday, July 22nd -----

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

----- Tuesday, July 23rd -----

9:00 AM: FHFA House Price Index for May 2019. This was originally a GSE only repeat sales, however there is also an expanded index.

Existing Home Sales10:00 AM: Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 5.34 million SAAR, unchanged from 5.34 million last month.

The graph shows existing home sales from 1994 through the report last month.

Housing economist Tom Lawler expects the NAR to report 5.25 million SAAR.

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

----- Wednesday, July 24th -----

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

New Home Sales10:00 AM: New Home Sales for June 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 655 thousand SAAR, up from 626 thousand in May.

----- Thursday, July 25th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 210 thousand initial claims, down from 216 thousand last week.

8:30 AM: Durable Goods Orders for June from the Census Bureau. The consensus is for a 0.7% increase in durable goods orders.

10:00 AM: The Q2 2019 Housing Vacancies and Homeownership report from the Census Bureau.

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

----- Friday, July 26th -----

8:30 AM: Gross Domestic Product, 2nd quarter 2019 (advance estimate), and annual update. The consensus is that real GDP increased 1.9% annualized in Q2, down from 3.1% in Q1.