by Calculated Risk on 5/16/2020 08:11:00 AM
Saturday, May 16, 2020
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.
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.
8:30 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
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
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.
10:00 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?
10:00 AM: State Employment and Unemployment (Monthly) for April 2020
Posted by Calculated Risk on 5/16/2020 08:11:00 AM