by Calculated Risk on 11/20/2021 08:11:00 AM
The key reports this week are October New Home sales, Existing Home sales, the second estimate of Q3 GDP, and Personal Income and Outlays for October.
For manufacturing, the Richmond Fed manufacturing survey will be released this week.
8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.
The graph shows existing home sales from 1994 through the report last month.
Housing economist Tom Lawler expects the NAR to report 6.34 million SAAR.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for November.
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 270 thousand initial claims, up from 268 thousand last week.
8:30 AM: Gross Domestic Product, 3nd quarter 2020 (Second estimate). The consensus is that real GDP increased 2.1% annualized in Q3, up from 2.0% in the advance estimate of GDP.
8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 0.2% increase in durable goods orders.
10:00 AM: Personal Income and Outlays for October. The consensus is for a 0.2% increase in personal income, and for a 1.0% increase in personal spending. And for the Core PCE price index to increase 0.4%.
This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 801 thousand SAAR, up from 800 thousand in September.
10:00 AM: University of Michigan’s Consumer sentiment index (Final for November). The consensus is for a reading of 66.8.
2:00 PM: FOMC Minutes, Meeting of November 2-3, 2021
All US markets will be closed in observance of the Thanksgiving Day Holiday.