Saturday, 20 February 2016

Schedule for Week of February 21, 2016

The key reports this week are the second estimate of Q4 GDP, January Existing and New Home sales, and the Case-Shiller House Price Index for December.

----- Monday, February 22nd -----

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

----- Tuesday, February 23rd -----

Case-Shiller House Prices Indices9:00 AM: S&P/Case-Shiller House Price Index for December. Although this is the December report, it is really a 3 month average of October, November and December prices.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the November 2015 report (the Composite 20 was started in January 2000).

The consensus is for a 5.9% year-over-year increase in the Comp 20 index for November. The Zillow forecast is for the National Index to increase 5.3% year-over-year in November.

Existing Home Sales10:00 AM: Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for 5.32 million SAAR, down from 5.46 million in December.

Economist Tom Lawler expects the NAR to report sales of 5.36 million SAAR for January.

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

----- Wednesday, February 24th -----

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

New Home Sales10:00 AM: New Home Sales for January from the Census Bureau.

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

The consensus is for a decrease in sales to 520 thousand Seasonally Adjusted Annual Rate (SAAR) in January from 544 thousand in December.

----- Thursday, February 25th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 270 thousand initial claims, up from 262 thousand the previous week.

8:30 AM: Durable Goods Orders for January from the Census Bureau. The consensus is for a 2.0% increase in durable goods orders.

9:00 AM: FHFA House Price Index for December 2015. This was originally a GSE only repeat sales, however there is also an expanded index.  The consensus is for a 0.5% month-to-month increase for this index.

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

----- Friday, February 26th -----

8:30 AM ET: Gross Domestic Product, 4th quarter 2015 (Second estimate). The consensus is that real GDP increased 0.4% annualized in Q4, revised down from 0.7%.

8:30 AM ET: Personal Income and Outlays for January. The consensus is for a 0.4% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%.

10:00 AM: University of Michigan's Consumer sentiment index (final for February). The consensus is for a reading of 91.0, up from the preliminary reading 90.7.

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

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