RSS Feed by Calculated Risk on 2/15/2014 08:05:00 AM
Saturday, February 15, 2014
Schedule for Week of Feb 16th
The key reports this week are January housing starts on Wednesday, and existing home sales for January on Friday.
For manufacturing, the NY Fed (Empire State), and Philly Fed January surveys will be released this week.
For prices, CPI will be released on Thursday.
All US markets will be closed in observance of Presidents' Day.
8:30 AM ET: NY Fed Empire Manufacturing Survey for February. The consensus is for a reading of 9.8, down from 12.5 in January (above zero is expansion).
10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading of 56, unchanged from January. Any number above 50 indicates that more builders view sales conditions as good than poor.
11:00 AM: The Q4 2013 Quarterly Report on Household Debt and Credit will be released by the Federal Reserve Bank of New York.
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 999 thousand (SAAR) in December. Single family starts were at 667 thousand SAAR in December.
The consensus is for total housing starts to decrease to 950 thousand (SAAR) in January.
8:30 AM: Producer Price Index for January. The consensus is for a 0.2% decrease in producer prices (and 0.2% increase in core PPI).
During the day: The AIA's Architecture Billings Index for January (a leading indicator for commercial real estate).
2:00 PM: FOMC Minutes for the Meeting of January 28-29, 2014.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 335 thousand from 339 thousand.
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 0.1%.
10:00 AM: the Philly Fed manufacturing survey for February. The consensus is for a reading of 10.0, up from 9.4 last month (above zero indicates expansion).
10:00 AM: Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for sales of 4.70 million on seasonally adjusted annual rate (SAAR) basis. Sales in December were at a 4.87 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 4.67 million SAAR.
As always, a key will be inventory of homes for sale.
