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Schedule for Week of November 24, 2019

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Schedule for Week of November 24, 2019

The key reports this week are October New Home sales, and the second estimate of Q3 GDP. Other key indicators include Personal Income and Outlays for October and Case-Shiller house prices for September. For manufacturing, the Dallas and Richmond Fed manufacturing surveys will be released this week. —– Monday, Nov 25th —–8:30 AM ET:...
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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

Thursday:• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 219,000 initial claims, down from 225,000 last week. • Also at 8:30 AM, the Philly Fed manufacturing survey for November. The consensus is for a reading of 7.5, up from 5.6. • At 10:00 AM, Existing Home...
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Tuesday: Housing Starts

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Tuesday: Housing Starts

From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in 2 Weeks Mortgage rates added to last week’s improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks–a welcome change after hitting the highest levels in more than 3 months on Friday November 8th....
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Schedule for Week of November 17, 2019

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Schedule for Week of November 17, 2019

The key economic reports this week are October Housing Starts and Existing Home Sales. For manufacturing, the November Philly and Kansas City Fed surveys, will be released this week. —– Monday, Nov 18th —–10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  71, unchanged from 71. Any number above...
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Friday: Retail Sales, NY Fed Mfg, Industrial Production

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Friday: Retail Sales, NY Fed Mfg, Industrial Production

Friday:• At 8:30 AM ET, Retail sales for October will be released.  The consensus is for a 0.2% increase in retail sales. • Also at 8:30 AM, The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 5.0, up from 4.0. • At 9:15 AM, The Fed...
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Wednesday: CPI, Fed Chair Powell Testimony, Q3 Quarterly Report on Household Debt and Credit

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Wednesday: CPI, Fed Chair Powell Testimony, Q3 Quarterly Report on Household Debt and Credit

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for October from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.2% increase in core CPI. • At 11:00 AM, NY...
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AAR: October Rail Carloads down 8.4% YoY, Intermodal Down 7.8% YoY

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AAR: October Rail Carloads down 8.4% YoY, Intermodal Down 7.8% YoY

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. A combination of a weak domestic manufacturing sector, feeble economic growth abroad that’s limiting exports, continued trade spats that are disrupting global supply chains, and general economic uncertainty are creating strong headwinds for U.S. rail volumes. In October...
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First Look: 2020 Housing Forecasts

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First Look: 2020 Housing Forecasts

Towards the end of each year I collect some housing forecasts for the following year.  This is just a beginning (I’ll gather many more). The table below shows a few forecasts for 2020: From Fannie Mae: Housing Forecast: October 2019 From Freddie Mac: Freddie Mac October Forecast: Housing Market Remains Strong While Economic Slowdown Looms...
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Schedule for Week of November 3, 2019

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Schedule for Week of November 3, 2019

The key reports this week are October vehicle sales, and the September trade deficit. —– Monday, Nov 4th —–All day: Light vehicle sales for October. The consensus is for sales of 17.0 million SAAR, down from 17.2 million SAAR in September (Seasonally Adjusted Annual Rate). This graph shows light vehicle sales since the BEA...
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Q3 2019 GDP Details on Residential and Commercial Real Estate

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Q3 2019 GDP Details on Residential and Commercial Real Estate

The BEA has released the underlying details for the Q3 initial GDP report. The BEA reported that investment in non-residential structures decreased at a 15.3% annual pace in Q3. Investment in petroleum and natural gas exploration decreased in Q3 compared to Q2, and was down 16% year-over-year. Click on graph for larger image. The first...
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