Saturday, May 16, 2020

Schedule for Week of May 17, 2020

by Calculated Risk on 5/16/2020 08:11:00 AM

The key reports this week are April Housing Starts and Existing Home Sales.

For manufacturing, the May Philly Fed manufacturing survey will be released.

Fed Chair Jerome Powell testifies before the Senate Banking Committee on Tuesday.

----- Monday, May 18th -----

10:00 AM: The May NAHB homebuilder survey. The consensus is for an increase to 33 from 30 last month .  Any number below 50 indicates that more builders view sales conditions as poor than good.

----- Tuesday, May 19th -----

Total Housing Starts and Single Family Housing Starts8:30 AM ET: Housing Starts for April.

This graph shows single and total housing starts since 1968.

The consensus is for 0.950 million SAAR, down from 1.216 million SAAR in March.

10:00 AM, Testimony, Fed Chair Jerome Powell, Coronavirus Aid, Relief, and Economic Security Act, Before the Senate Banking, Housing, and Urban Affairs Committee, U.S. Senate

----- Wednesday, May 20th -----

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

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

2:00 PM: FOMC Minutes, Meeting of April 28-29, 2020

----- Thursday, May 21st -----

8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for a 2.500 million initial claims, down from 2.981 million the previous week.

8:30 AM: the Philly Fed manufacturing survey for May. The consensus is for a reading of -45.0, up from -56.6.

Existing Home Sales10:00 AM: Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 4.30 million SAAR, down from 5.27 million.

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

Housing economist Tom Lawler expects the NAR to report sales of 4.17 million SAAR for April.

2:30 PM, Speech, Fed Chair Jerome Powell, Opening Remarks, At Fed Listens: How is COVID-19 Affecting Your Community?

----- Friday, May 22nd -----

10:00 AM: State Employment and Unemployment (Monthly) for April 2020