by Calculated Risk on 2/17/2024 08:11:00 AM

The key report this week is January Existing Home sales.

----- Monday, February 19th -----
All US markets will be closed in observance of Washington's Birthday.

----- Tuesday, February 20th -----
No major economic releases scheduled.

----- Wednesday, February 21st -----
7:00 AM ET: 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 January (a leading indicator for commercial real estate).

2:00 PM: FOMC Minutes, Meeting of Meeting of January 30-31, 2024

----- Thursday, February 22nd -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, up from 212 thousand last week.

8:30 AM ET: Chicago Fed National Activity Index for January. This is a composite index of other data.

10:00 AM: Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for 3.97 million SAAR, up from 3.78 million.

The graph shows existing home sales from 1994 through the report last month.

Housing economist Tom Lawler estimates the NAR will report sales of 4.02 million SAAR.

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

----- Friday, February 23rd -----
No major economic releases scheduled.