RSS Feed by Calculated Risk on 12/16/2023 08:11:00 AM
Saturday, December 16, 2023
Schedule for Week of December 17, 2023
The key economic reports this week are Housing Starts, New Home Sales, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.
10:00 AM: The December NAHB homebuilder survey. The consensus is for a reading of 37, up from 34. Any number below 50 indicates that more builders view sales conditions as poor than good.
8:30 AM: Housing Starts for November. This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.360 million SAAR, down from 1.372 million SAAR.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 3.78 million SAAR, down from 3.79 million.The graph shows existing home sales from 1994 through the report last month.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 218 thousand, up from 202 thousand last week.
8:30 AM: Gross Domestic Product, 3rd quarter 2023 (Third estimate). The consensus is for real GDP at 5.2% annualized, unchanged from the second estimate of 5.2%.
8:30 AM: the Philly Fed manufacturing survey for December. The consensus is for a reading of -3.0, up from -5.9.
11:00 AM: the Kansas City Fed manufacturing survey for December.
8:30 AM: Durable Goods Orders for November. The consensus is for a 0.1% increase..
8:30 AM: Personal Income and Outlays for November. The consensus is for a 0.4% increase in personal income, and for a 0.3% increase in personal spending. And for no change in the PCE price index, and the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.8% YoY, and core PCE prices up 3.4% YoY.
10:00 AM: New Home Sales for November from the Census Bureau. This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 695 thousand SAAR, up from 679 thousand in October.
10:00 AM: University of Michigan's Consumer sentiment index (Final for December).
10:00 AM: State Employment and Unemployment (Monthly) for November 2023
