by Calculated Risk on 12/28/2024 08:11:00 AM
Happy New Year! Wishing you all the best in 2025.
The key reports this week are the October Case-Shiller house price indexes, the December ISM manufacturing survey and December vehicle sales.
—– Monday, December 30th —–
9:45 AM: Chicago Purchasing Managers Index for December.
10:00 AM: Pending Home Sales Index for November. The consensus is for a 0.7% increase in the index.
10:30 AM: Dallas Fed Survey of Manufacturing Activity for December. This is the last of regional manufacturing surveys for December.
—– Tuesday, December 31st —–
9:00 AM: FHFA House Price Index for October. This was originally a GSE only repeat sales, however there is also an expanded index.
9:00 AM ET: S&P/Case-Shiller House Price Index for October.
This graph shows graph shows the Year over year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).
The consensus is for an 4.1% year-over-year increase in the Composite 20 index for October.
—– Wednesday, January 1st —–
The NYSE and the NASDAQ will be closed in observance of the New Year’s Day holiday
—– Thursday, January 2nd —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release two weeks of results for the mortgage purchase applications index.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 223 thousand from 219 thousand last week.
10:00 AM: Construction Spending for November. The consensus is for a 0.3% increase in construction spending.
—– Friday, January 3rd —–
10:00 AM: ISM Manufacturing Index for December. The consensus is for the ISM to be at 48.3, down from 48.4 in November.
All day: Light vehicle sales for December.
The Wards forecast is for 16.7 million SAAR in December, up from the BEA estimate of 16.50 million SAAR in November (Seasonally Adjusted Annual Rate).
This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the current sales rate.
