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Schedule for Week of January 19, 2020

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Schedule for Week of January 19, 2020

The key report scheduled for this week is December Existing Home sales. For manufacturing, the January Kansas City Fed manufacturing survey will be released. —– Monday, Jan 20th —–All US markets will be closed in observance of Martin Luther King Jr. Day —– Tuesday, Jan 21st —–No major economic releases scheduled. —– Wednesday, Jan...
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NAHB: Builder Confidence Decreased to 75 in January

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NAHB: Builder Confidence Decreased to 75 in January

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 75, down from 76 in December. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Begins Year Strong as Single-Family Growth Continues Builder confidence in the market for newly-built single-family...
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Leading Index for Commercial Real Estate Increased in December

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Leading Index for Commercial Real Estate Increased in December

From Dodge Data Analytics: Dodge Momentum Index Moves Higher in December The Dodge Momentum Index increased 1.5% in December to 156.2 (2000=100) from the revised November reading of 153.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning,...
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Schedule for Week of January 12, 2020

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Schedule for Week of January 12, 2020

The key reports this week are December housing starts, CPI and retail sales. For manufacturing, the December Industrial Production report and the January NY and Philly Fed manufacturing surveys will be released. —– Monday, Jan 13th —–No major economic releases scheduled. —– Tuesday, Jan 14th —–6:00 AM: NFIB Small Business Optimism Index for December....
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Friday: Employment Report

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Friday: Employment Report

My December Employment Preview. Goldman’s December Payrolls preview. Friday:• At 8:30 AM ET, Employment Report for December.   The consensus is for 160,000 jobs added, and for the unemployment rate to be unchanged at 3.5%. Calculated Risk
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Wednesday: ADP Employment

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Wednesday: ADP Employment

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 156,000 payroll jobs added in December, up from 67,000 added in...
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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of January 5, 2020 Monday:• Early: Reis Q4 2019 Office Survey of rents and vacancy rates. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 13 and DOW futures are down 120 (fair value). Oil prices were up over the last week with WTI futures at .65 per...
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Q4 GDP Forecasts: 1.1% to 2.3%

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Q4 GDP Forecasts: 1.1% to 2.3%

From Merrill Lynch 4Q tracking rose to 2.0% qoq saar, boosted by trade and inventories data. emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.1% for 2019:Q4 and 1.0% for 2020:Q1. And from the Altanta Fed: GDPNow The GDPNow model estimate...
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Question #3 for 2020: What will the unemployment rate be in December 2020?

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Question #3 for 2020: What will the unemployment rate be in December 2020?

Earlier I posted some questions for next year: Ten Economic Questions for 2020. I’m adding some thoughts, and maybe some predictions for each question. 3) Unemployment Rate: The unemployment rate was at 3.5% in November, down 0.2 percentage points year-over-year. Currently the FOMC is forecasting the unemployment rate will be in the 3.5% to...
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Tuesday: Case-Shiller House Prices

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Tuesday: Case-Shiller House Prices

Tuesday:• At 9:00 AM ET, FHFA House Price Index for October 2019. This was originally a GSE only repeat sales, however there is also an expanded index. • Also at 9:00 AM, S&P/Case-Shiller House Price Index for October. The consensus is for a 3.2% year-over-year increase in the National index for October. Calculated Risk
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