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Schedule for Week of Jan 22nd

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The key economic report this week is the advance report of Q4 GDP on Friday.

Other key reports are December New and Existing Home sales.

—– Monday, Jan 23rd —–

No economic releases scheduled.

—– Tuesday, Jan 24th—–

Existing Home Sales10:00 AM: Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.54 million SAAR, down from 5.61 million in November.

Housing economist Tom Lawler expects the NAR to report sales of 5.55 million SAAR in December.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for January.

10:00 AM: Regional and State Employment and Unemployment (Monthly) for December 2016

—– Wednesday, Jan 25th —–

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

9:00 AM: FHFA House Price Index for November 2016. This was originally a GSE only repeat sales, however there is also an expanded index.

—– Thursday, Jan 26th —–

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 247 thousand initial claims, up from 234 thousand the previous week.

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

New Home Sales10:00 AM ET: New Home Sales for December from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the October sales rate.

The consensus is for a decrease in sales to 590 thousand Seasonally Adjusted Annual Rate (SAAR) in December from 592 thousand in November.

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

—– Friday, Jan 27th —–

8:30 AM: Gross Domestic Product, 4th quarter 2016 (advance estimate). The consensus is that real GDP increased 2.2% annualized in Q4, down from 3.5% in Q3.

8:30 AM: Durable Goods Orders for December from the Census Bureau. The consensus is for a 3.0% increase in durable goods orders.

10:00 AM: University of Michigan’s Consumer sentiment index (final for January). The consensus is for a reading of 98.2, up from the preliminary reading 98.1.
Calculated Risk

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