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Saturday, April 15, 2023

Schedule for Week of April 16, 2023

by Calculated Risk on 4/15/2023 08:11:00 AM

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

----- Monday, April 17th -----

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.

----- Tuesday, April 18th -----

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

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.

----- Wednesday, April 19th -----

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.

----- Thursday, April 20th -----

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.

Existing Home Sales10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 4.50 million SAAR, down from 4.58 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 4.51 million SAAR for March.

----- Friday, April 21st -----

10:00 AM: State Employment and Unemployment (Monthly) for March 2023