by Calculated Danger on 12/17/2022 08:11:00 AM
The important thing financial stories this week are Housing Begins, New House Gross sales, Current House Gross sales, the third estimate of Q3 GDP, and November Private earnings and outlays.
—– Monday, December nineteenth —–
10:00 AM: The December NAHB homebuilder survey. The consensus is for a studying of 33, unchanged from 33. Any quantity beneath 50 signifies that extra builders view gross sales circumstances as poor than good.
—– Tuesday, December twentieth —–
8:30 AM: Housing Begins for November.
This graph exhibits single and multi-family housing begins since 1968.
The consensus is for 1.400 million SAAR, down from 1.425 million SAAR.
—– Wednesday, December twenty first —–
7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy functions index.
The graph exhibits current dwelling gross sales from 1994 by the report final month.
Housing economist Tom Lawler expects the NAR to report gross sales of 4.16 million SAAR for November.
—– Thursday, December twenty second —–
8:30 AM: The preliminary weekly unemployment claims report can be launched. The consensus is for 225 thousand preliminary claims, up from 211 thousand final week.
8:30 AM: Gross Home Product, third quarter 2022 (Third estimate). The consensus is for actual GDP at 2.9% annualized, unchanged from the second estimate of two.9%.
8:30 AM: Chicago Fed Nationwide Exercise Index for November. This can be a composite index of different knowledge.
11:00 AM: the Kansas Metropolis Fed manufacturing survey for December.
—– Friday, December twenty third —–
8:30 AM: Sturdy Items Orders for November. The consensus is for a 0.1% enhance..
8:30 AM: Private Revenue and Outlays for November. The consensus is for a 0.2% enhance in private earnings, and for a 0.2% enhance in private spending. And for a 0.3% enhance within the PCE costs index, and the Core PCE value index to extend 0.2%. PCE costs are anticipated to be up 5.7% YoY, and core PCE costs up 4.7% YoY.
This graph exhibits New House Gross sales since 1963. The dashed line is the gross sales charge for final month.
The consensus is for 595 thousand SAAR, down from 632 thousand in October.
10:00 AM: College of Michigan’s Client sentiment index (Closing for December).
10:00 AM: State Employment and Unemployment (Month-to-month) for November 2022