RSS Feed by Calculated Risk on 2/16/2013 08:53:00 AM
Saturday, February 16, 2013
Schedule for Week of Feb 17th
Note: I'll post a summary for last week later today.
There are three key housing reports that will be released this week: January housing starts on Wednesday, January Existing home sales on Thursday, and the homebuilder confidence survey on Tuesday.
Other key releases include the Q4 MBA National Mortgage Delinquency Survey on Thursday, and the FOMC minutes of the January meeting on Wednesday.
For manufacturing, the February Philly Fed survey will be released this week.
For prices, CPI and PPI for January will be released.
All US markets are closed in observance of the President's Day holiday.
10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading of 48, up from 47 in January. Although this index has been increasing sharply, any number below 50 still indicates that more builders view sales conditions as poor than good.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Housing Starts for January. Total housing starts were at 954 thousand (SAAR) in December, up 12.1% from the revised November rate of 851 thousand (SAAR). Single-family starts increased to 616 thousand in December.
The consensus is for total housing starts to decrease to 914 thousand (SAAR) in January, down from 954 thousand in December.
8:30 AM: Producer Price Index for January. The consensus is for a 0.3% increase in producer prices (0.2% increase in core).
During the day: The AIA's Architecture Billings Index for January (a leading indicator for commercial real estate).
2:00 PM: FOMC Minutes for January 29-30, 2013.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 359 thousand from 341 thousand last week.
8:30 AM: Consumer Price Index for January. The consensus is for a 0.1% increase in CPI in January and for core CPI to increase 0.2%.
9:00 AM: The Markit US PMI Manufacturing Index Flash. The consensus is for a decrease to 55.5 from 56.1 in January.
10:00 AM: Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for sales of 4.90 million on seasonally adjusted annual rate (SAAR) basis. Sales in December 2012 were 4.94 million SAAR.
A key will be inventory and months-of-supply.
10:00 AM: the Philly Fed manufacturing survey for February. The consensus is for a reading of 1.1, up from minus 5.8 last month (above zero indicates expansion).
10:00 AM: Conference Board Leading Indicators for January. The consensus is for a 0.3% increase in this index.
During the day: The MBA's National Mortgage Delinquency Survey for Q4.
No releases scheduled.
