by Calculated Risk on 4/15/2023 08:11:00 AM
Saturday, April 15, 2023
Schedule for Week of April 16, 2023
The key reports this week are March Housing Starts and Existing Home Sales.
8:30 AM: The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -18.0, up from -24.6.
10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of 45, up from 44. Any number below 50 indicates that more builders view sales conditions as poor than good.
This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.400 million SAAR, down from 1.450 million SAAR in February.
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 March (a leading indicator for commercial real estate).
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, up from 239 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of -20.0, up from -24.6.
The graph shows existing home sales from 1994 through the report last month.
Housing economist Tom Lawler expects the NAR to report sales of 4.51 million SAAR for March.
10:00 AM: State Employment and Unemployment (Monthly) for March 2023