The Oldest and Most Trusted Real Estate News Magazine

Schedule for Week of Aug 27, 2017

By

The key report this week is the August employment report on Friday.

Other key indicators include the second estimate of Q2 GDP, the August ISM manufacturing index, August auto sales and the June Case-Shiller house prices.

—– Monday, Aug 28th —–

10:30 AM: Dallas Fed Survey of Manufacturing Activity for August.

—– Tuesday, Aug 29th —–

Case-Shiller House Prices Indices9:00 AM ET: S&P/Case-Shiller House Price Index for June.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the May 2017 report (the Composite 20 was started in January 2000).

The consensus is for a 5.7% year-over-year increase in the Comp 20 index for June.

—– Wednesday, Aug 30th —–

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:15 AM: The ADP Employment Report for August. This report is for private payrolls only (no government). The consensus is for 182,000 payroll jobs added in August, up from 178,000 added in July.

8:30 AM: Gross Domestic Product, 2nd quarter 2017 (Second estimate). The consensus is that real GDP increased 2.8% annualized in Q2, up from advance estimate of 2.6%.

—– Thursday, Aug 31st —–

8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 237 thousand initial claims, up from 234 thousand the previous week.

8:30 AM: Personal Income and Outlays for July. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.1%.

9:45 AM: Chicago Purchasing Managers Index for August. The consensus is for a reading of 58.0, down from 58.9 in July.

10:00 AM: Pending Home Sales Index for June. The consensus is for a 0.8% increase in the index.

—– Friday, Sept 1st —–

8:30 AM: Employment Report for August. The consensus is for an increase of 180,000 non-farm payroll jobs added in August, down from the 209,000 non-farm payroll jobs added in July.

Year-over-year change employmentThe consensus is for the unemployment rate to be unchanged at 4.3%.

This graph shows the year-over-year change in total non-farm employment since 1968.

In July, the year-over-year change was 2.16 million jobs.

A key will be the change in wages.

ISM PMI10:00 AM: ISM Manufacturing Index for August. The consensus is for the ISM to be at 56.6, up from 56.3 in August.

Here is a long term graph of the ISM manufacturing index.

The ISM manufacturing index indicated expansion in July. The PMI was at 56.3% in July, the employment index was at 55.2%, and the new orders index was at 60.4%.

10:00 AM: Construction Spending for July. The consensus is for a 0.6% increase in construction spending.

Vehicle SalesAll day: Light vehicle sales for August. The consensus is for light vehicle sales to be 16.7 million SAAR in August, unchanged from 16.7 million in  July (Seasonally Adjusted Annual Rate).

This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the July sales rate.

10:00 AM: University of Michigan’s Consumer sentiment index (final for July). The consensus is for a reading of 97.2, unchanged from the preliminary reading 97.6.
Calculated Risk

Tags: , ,

Sitemap Madbadcat Graphics