RSS Feed by Calculated Risk on 11/14/2010 01:24:00 PM
Sunday, November 14, 2010
Schedule for Week of November 14th
The previous post is the Summary for Week ending November 14th
Two key housing reports will be released this week: October housing starts (Wednesday) and November homebuilder confidence (Tuesday). Also October retail sales will be released on Monday, and the Fed will release the October industrial production and capacity utilization report (Tuesday).
7:40 PM ET: Richmond Fed President Jeffrey Lacker speaks on "Unemployment and Monetary Policy: Lessons from Half a Century Ago" before the 2010 International Conference for Advanced Placement Economics teachers
8:30 AM ET: Retail Sales for October. The consensus is for a 0.7% increase from September. (0.4% increases ex-auto).
8:30 AM: Empire Manufacturing Survey for November. The consensus is for a reading of 15.0, about the same level as in October (15.7). These regional surveys have shown a slight pickup following the slowdown in Q3.
10:00 AM: Monthly Wholesale Trade: Sales and Inventories for September. The consensus is for a 0.8% increase in inventories.
8:30 AM: Producer Price Index for October. The consensus is for a 0.8% increase in producer prices.
9:15 AM ET: The Fed will release Industrial Production and Capacity Utilization for October. The consensus is for a 0.3% increase in Industrial Production, and an increase to 74.9% (from 74.7%) for Capacity Utilization. Both Industrial Production and Capacity Utilization surprised to the downside in September.
10 AM: The November NAHB homebuilder survey. This index collapsed following the expiration of the home buyer tax credit. The consensus is for a slight increase to 17 from 16 in October (still very depressed).
Early: The AIA's Architecture Billings Index for October will be released (a leading indicator for commercial real estate). This showed slight expansion in September (50.4) for the first time since January 2008. This index usually this leads investment in non-residential structures (hotels, malls, office) by 9 to 12 months.
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index declined sharply following the expiration of the tax credit, and the index has only recovered slightly over the last few months - suggesting reported home sales will be very weak through the end of the year.
8:30 AM: Housing Starts for October. Housing starts also collapsed following the expiration of the home buyer tax credit. The consensus is for a decrease to 590,000 (SAAR) in October from 610,000 in September.
8:30 AM: Consumer Price Index for September. The consensus is for a 0.4% increase in prices. The consensus for core CPI is an increase of 0.1%.
9:15 AM: St. Louis Fed President James Bullard speaks on the "Past, Present, and Future of the Government Sponsored Enterprises (GSE's)"
8:30 AM: The initial weekly unemployment claims report will be released. Initial claims declined to 435,000 last week, and initial claims are expected to increase to 445,000 this week.
10:00 AM: Philly Fed Survey for November. This survey showed slight expansion last month after showing contraction for the previous two months. The consensus is for an increase to 5.6 from 1.0 in October.
10:00 AM: Conference Board's index of leading indicators for October. The consensus is for a 0.5% increase in this index.
5:15 AM: Fed Chairman Ben S. Bernanke speaks on Global Rebalancing at the Sixth European Central Bank Central Banking Conference, Frankfurt am Main, Germany
After 4:00 PM: Perhaps the FDIC will have another busy Friday afternoon ...
CoreLogic House Price Index for September. This release will probably show further declines in house prices. The index is a weighted 3 month average for July, August and September.
Making Home Affordable Program (HAMP) for October and the “Housing Scorecard”
