by calculated risk May 18, 2024 08:11:00 AM
This week’s important report is new and existing home sales for April.
—– Monday, May 20th —–
10:30am: Speech by Fed Vice Chairman Philip Jefferson, US economic outlook and housing price trendsat the Mortgage Bankers Association (MBA) Secondary Capital Markets Conference, New York, NY.
—– Tuesday, May 21st —–
No major economic announcements are scheduled.
—– Wednesday, May 22nd —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
10 am: Used home sales April from the National Association of Realtors (NAR). The consensus was SAAR 4.18 million, down from SAAR 4.19 million.
The graph shows existing home sales from 1994 through last month’s report.
housing economist Tom Lawlor is hopeful. NAR announced that it will report sales of SAAR 4.23 million.
Daytime: AIA architecture billing index (Commercial Real Estate Leading Indicator) in April.
2 pm: FOMC MinutesMinutes from April 30th to May 1st, 2024
—– May 23rd (Thursday) —–
8:30am: First weekly unemployment claim The report will be published. The consensus was for first-time applications to be 220,000, down from 222,000 last week.
8:30 a.m. ET: Chicago Fed National Activity Index For April. This is a composite index of other data.
10 am: Newly built home sales April from the Census Bureau.
This graph shows new home sales since 1963. The dashed line is last month’s sales rate.
The consensus was SAAR 680,000, down from SAAR 693,000 in March.
11am: Kansas City Fed Manufacturing Survey For May.
—– Friday, May 24th —–
8:30am: Ordering durable goods April from the Census Bureau. The consensus is for durable goods orders to fall by 0.6%.
10 am: University of Michigan Consumer Confidence Index (Final episode in May). Consensus is 67.4.
