Saturday, October 24, 2020

Schedule for Week of October 25, 2020

by Calculated Risk on 10/24/2020 08:11:00 AM

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

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

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

----- Monday, October 26th -----

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

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 1,025 thousand SAAR, up from 1,011 thousand in August.

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

----- Tuesday, October 27th -----

8:30 AM ET: Durable Goods Orders for September from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.

Case-Shiller House Prices Indices9:00 AM ET: S&P/Case-Shiller House Price Index for August.  The consensus is for the Composite 20 index to be up 4.2% year-over-year.

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).

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

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

----- Wednesday, October 28th -----

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

----- Thursday, October 29th -----

8:30 AM: Gross Domestic Product, 3rd quarter 2020 (advance estimate). The consensus is that real GDP increased 31.9% annualized in Q3, up from negative 31.4% in Q2.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is initial claims increased to 800 thousand from 787 thousand last week.

10:00 AM: Pending Home Sales Index for September. The consensus is 4.5% increase in the index.

----- Friday, October 30th -----

8:30 AM ET: Personal Income and Outlays for September. The consensus is for a 0.5% increase in personal income, and for a 1.0% increase in personal spending. And for the Core PCE price index to increase 0.2%.

9:45 AM: Chicago Purchasing Managers Index for October. The consensus is for a reading of 59.3, down from 62.4 in September.

10:00 AM: University of Michigan's Consumer sentiment index (Final for October). The consensus is for a reading of 81.2.