Schedule for Week of June 21, 2015

The key reports this week are May New Home sales on Tuesday, the 3rd estimate of Q1 GDP on Wednesday, and May Existing Home Sales on Monday.

For manufacturing, the May Richmond and Kansas City Fed surveys will be released this week.

----- Monday, June 22nd -----
8:30 AM ET: Chicago Fed National Activity Index for May. This is a composite index of other data.

10:00 AM: Existing Home Sales for May from the National Association of Realtors (NAR).

The consensus is for sales of 5.25 million on seasonally adjusted annual rate (SAAR) basis. Sales in April were at a 5.04 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 5.29 million SAAR.

A key will be the reported year-over-year change in inventory of homes for sale.

----- Tuesday, June 23rd -----
8:30 AM: Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.6% decrease in durable goods orders.

9:00 AM: FHFA House Price Index for April 2015. This was originally a GSE only repeat sales, however there is also an expanded index.

10:00 AM: New Home Sales for May from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the April sales rate.

The consensus is for an increase in sales to 525 thousand Seasonally Adjusted Annual Rate (SAAR) in May from 517 thousand in April.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for June.

----- Wednesday, June 24th -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: Gross Domestic Product, 1st quarter 2015 (third estimate). The consensus is that real GDP decreased 0.2% annualized in Q1, revised up from the 0.7% decrease second estimate.

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

----- Thursday, June 25th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 273 thousand from 267 thousand.

8:30 AM ET: Personal Income and Outlays for May. The consensus is for a 0.4% increase in personal income, and for a 0.7% increase in personal spending. And for the Core PCE price index to increase 0.1%.

11:00 AM: the Kansas City Fed manufacturing survey for June.

----- Friday, June 26th -----
10:00 AM: University of Michigan's Consumer sentiment index (final for June). The consensus is for a reading of 94.6, unchanged from the preliminary reading of 94.6, and up from the May reading of 90.7.

from Calculated Risk http://ift.tt/1I5gMoz
via YQ Matrix