by Calculated Risk on 11/16/2024 08:11:00 AM
The key economic reports this week are Housing Starts and Existing Home sales.
For manufacturing, the November Philly and Kansas City Fed surveys, will be released this week.
—– Monday, November 18th —–
10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of 42, down from 44. Any number below 50 indicates that more builders view sales conditions as poor than good.
—– Tuesday, November 19th —–
8:30 AM: Housing Starts for October.
This graph shows single and total housing starts since 1968.
The consensus is for 1.338 million SAAR, down from 1.354 million SAAR.
10:00 AM: State Employment and Unemployment (Monthly) for October 2024
—– Wednesday, November 20th —–
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 October (a leading indicator for commercial real estate).
—– Thursday, November 21st —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 222 thousand initial claims, up from 217 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for November. The consensus is for a reading of 5.0, down from 10.3.
10:00 AM: Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 3.88 million SAAR, up from 3.84 million in September.
The graph shows existing home sales from 1994 through the report last month.
11:00 AM: the Kansas City Fed manufacturing survey for November.
—– Friday, November 22nd —–
10:00 AM: University of Michigan’s Consumer sentiment index (Final for November).
