by Calculated Risk September 21, 2024 8:11 AM
Major reports this week include August new home sales, the third estimate of second-quarter GDP, August personal income and spending, and July Case-Shiller home prices.
On the manufacturing sector, the Richmond and Kansas City Feds’ manufacturing surveys are due to be released this week.
—– Monday, September 23rd —–
8:30 AM EST Chicago Fed National Activity Index This is for August. This is a composite index of other data.
—– Tuesday, September 24th —–
9AM: S&P/Case-Shiller Home Price Index July edition.
This chart shows the year-over-year changes in the seasonally adjusted national index, the Composite 10 index, and the Composite 20 index through the most recent report (the Composite 20 was launched in January 2000).
The consensus forecast is that the Composite 20 index will rise 5.9% year-on-year in July.
9AM: FHFA Home Price Index July issue. Originally it was a repeat sale of only the GSEs, but there is also an expanded index.
10am: Richmond Fed Manufacturing Survey September edition.
—– Wednesday, September 25th —–
7:00 AM EST: The Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.
10AM: New Home Sales August 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 SAAR 700,000, down from 739,000 in July.
—– Thursday, September 26th —–
8:30 AM: Unemployment claims (weekly) The report is coming out and the consensus is that new claims are up from 219,000 last week to 226,000.
8:30 AM: GDP (third estimate) and corporate profits (revised) for the second quarter of 2024 The consensus is that real GDP rose at an annualized rate of 3.0% in the second quarter, unchanged from the second estimate of 3.0%.
8:30 AM: Durable Goods Orders Census Bureau releases August durable goods orders. Consensus estimate is a 2.8% decline.
9:20 AM: Speech by Federal Reserve Chairman Jerome Powell, Opening remarks (via recorded video)2024 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York, NY
10AM: Pending Home Sales Index The consensus is for a 3.1% increase in August.
11AM: Kansas City Fed Manufacturing Survey September edition.
—– Friday, September 27th —–
8:30 AM: Personal income and expenditure, August 2024. Consensus forecasts are for personal income to increase 0.4% and personal consumption to grow 0.3%, with the core PCE price index rising 0.2%.
10AM: University of Michigan Consumer Sentiment Index (Final value for September.) The consensus is 67.7.
