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Schedule for Week of November 18, 2018

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The key economic reports this week are October Housing Starts and Existing Home Sales.

Happy Thanksgiving!

—– Monday, Nov 19th —–

10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  68, unchanged from 68. Any number above 50 indicates that more builders view sales conditions as good than poor.

—– Tuesday, Nov 20th —–

Total Housing Starts and Single Family Housing Starts8:30 AM: Housing Starts for October.

This graph shows single and total housing starts since 1968.

The consensus is for 1.240 million SAAR, up from 1.201 million SAAR.

—– Wednesday, Nov 21st —–

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

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 213 thousand initial claims, down from 216 thousand the previous week.

8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 2.4% decrease in durable goods orders.

Existing Home Sales10:00 AM: Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 5.20 million SAAR, up from 5.15 million.

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

Housing economist Tom Lawler estimates the NAR will reports sales of 5.31 million SAAR for October and that inventory will be up 2.8% year-over-year.

10:00 AM: University of Michigan’s Consumer sentiment index (Final for November). The consensus is for a reading of 98.3.

—– Thursday, Nov 22nd —–

All US markets will be closed in observance of the Thanksgiving Day Holiday.

—– Friday, Nov 23rd —–

The NYSE and the NASDAQ will close early at 1:00 PM ET.
Calculated Risk

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