by Calculated Risk August 17, 2024 8:11 AM
The main report this week is new home sales and existing home sales for July.
Federal Reserve Chairman Jerome Powell is scheduled to speak on “The Economic Outlook” at the Jackson Hole Symposium on Friday.
The BLS is scheduled to release a preliminary revision to its employment index on Wednesday.
—– Monday, August 19th —–
No major economic data releases are scheduled.
—– Tuesday, August 20th —–
No major economic data releases are scheduled.
—– Wednesday, August 21 —–
7:00 AM EST: The Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.
10am: The Bureau of Labor Statistics (BLS) releases the figures. 2024 Establishment Survey Data Provisional Benchmark Revision.
Daytime: AIA Billings Index of Architecture (leading indicator for commercial real estate) for July.
2pm: FOMC MinutesJuly 30-31 meeting
—– Thursday, August 22nd —–
8:30 AM: Unemployment claims (weekly) The report is coming out and the consensus is that new claims are up from 227,000 last week to 235,000.
10AM: Existing Home Sales The National Association of Realtors (NAR) announced July home sales. The consensus forecast was 3.9 million units (SAAR), up from 3.89 million units last month.
This chart shows existing home sales from 1994 through last month’s report.
11AM: Kansas City Fed Manufacturing Survey For August.
—– Friday, August 23rd —–
10AM: New Home Sales July statistics from the Census Bureau.
This graph shows new home sales since 1963. The dashed line is last month’s sales rate.
The consensus is for 631,000 SAAR, up from 617,000 SAAR in June.
