by Calculated Risk on 2/19/2022 08:11:00 AM
The key reports this week are January New Home sales and the second estimate of Q4 GDP.
Other key reports include Case-Shiller house prices and Personal Income and Outlays for January.
For manufacturing, the February Richmond and Kansas City manufacturing surveys will be released.
9:00 AM: FHFA House Price Index for December 2021. This was originally a GSE only repeat sales, however there is also an expanded index.
This graph shows the year-over-year change for the Case-Shiller National, Composite 10 and Composite 20 indexes, through the most recent report (the Composite 20 was started in January 2000).
The consensus is for a 18.2% year-over-year increase in the Comp 20 index for December.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for February.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
During the day: The AIA’s Architecture Billings Index for January (a leading indicator for commercial real estate).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 240 thousand from 248 thousand last week.
8:30 AM: Gross Domestic Product, 4th quarter 2021 (Second estimate). The consensus is that real GDP increased 7.0% annualized in Q4, up from the advance estimate of 6.9%.
8:30 AM ET: Chicago Fed National Activity Index for January. This is a composite index of other data.
This graph shows New Home Sales since 1963.
The dashed line is the sales rate for last month.
11:00 AM: the Kansas City Fed manufacturing survey for February.
8:30 AM ET: Personal Income and Outlays for January. The consensus is for a 0.3% decrease in personal income, and for a 1.5% increase in personal spending. And for the Core PCE price index to increase 0.5%.
8:30 AM: Durable Goods Orders for January from the Census Bureau. The consensus is for a 0.7% increase in durable goods orders.
10:00 AM: Pending Home Sales Index for January. The consensus is for a 0.5% increase in the index.
10:00 AM: University of Michigan’s Consumer sentiment index (Final for February). The consensus is for a reading of 61.7.