by calculated risk November 16, 2024 08:11:00 AM
This week’s major economic reports are housing starts and existing home sales.
As for manufacturing, the Philadelphia Fed and Kansas City Fed’s November surveys will be released this week.
—– Monday, November 18th —–
10am: November NAHB Home Builder Survey. The consensus is 42, down from 44. A number below 50 indicates that more builders see sales conditions as worse than good.
—– Tuesday, November 19th —–
8:30am: Number of housing starts For October.
This graph shows housing starts and housing starts since 1968.
The consensus was 1.338 million SAAR, down from 1.354 million SAAR.
10am: State employment and unemployment (Monthly) October 2024
—– Wednesday, November 20th —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
Daytime: AIA architecture billing index October (leading indicator for commercial real estate).
—– Thursday, November 21st —–
8:30am: First weekly unemployment claim The report will be published. The consensus was 222,000 initial claims, up from 217,000 last week.
8:30am: Philadelphia Fed Manufacturing Survey For November. Consensus measures 5.0, down from 10.3.
10am: Used home sales October from the National Association of Realtors (NAR). The consensus was SAAR 3.88 million, up from SAAR 3.84 million in September.
The graph shows existing home sales from 1994 through last month’s report.
11am: Kansas City Fed Manufacturing Survey For November.
—– Friday, November 22nd —–
10am: University of Michigan Consumer Confidence Index (Final episode in November).
