by Calculated Risk on 1/18/2014 08:15:00 AM

This will be light week for economic releases.  The key report this week is existing home sales on Thursday.

For manufacturing, the Kansas City Fed January survey will be released this week. 

For commercial real estate (CRE), the Architecture Billings Index will be released.

----- Monday, January 20th -----
All US markets will be closed in observance of the Martin Luther King, Jr. Day holiday.

----- Tuesday, January 21st -----
No economic releases scheduled.

----- Wednesday, January 22nd -----
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

During the day: The AIA's Architecture Billings Index for December (a leading indicator for commercial real estate).

----- Thursday, January 23rd -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 330 thousand from 326 thousand.

9:00 AM: The Markit US PMI Manufacturing Index Flash for January. The consensus is for an increase to 55.0 from 54.4 in December.

9:00 AM: FHFA House Price Index for November 2013. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% increase.

10:00 AM: Existing Home Sales for December 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 November were at a 4.90 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 4.96 million SAAR.

As always, a key will be inventory of homes for sale.

11:00 AM: the Kansas City Fed manufacturing survey for January.

----- Friday, January 24th -----
No economic releases scheduled.