Schedule for Week of February 19, 2023

by Calculated Threat on 2/18/2023 08:11:00 AM

The important thing stories this week are January New and Present House gross sales, the second estimate of This fall GDP and Private Earnings and Outlays for January.

—– Monday, February twentieth —–

All US markets will be closed in observance of the Presidents’ Day vacation.
—– Tuesday, February twenty first —–

10:00 AM: Present House Gross sales for January from the Nationwide Affiliation of Realtors (NAR). The consensus is for 4.10 million SAAR, up from 4.02 million.

The graph reveals present dwelling gross sales from 1994 via the report final month.

Housing economist Tom Lawler expects the NAR to report gross sales of 4.18 million SAAR for January.

—– Wednesday, February twenty second —–

7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy purposes index.

In the course of the day: The AIA’s Structure Billings Index for January (a number one indicator for business actual property).

2:00 PM: FOMC Minutes, Assembly of January 31-February 1, 2023

—– Thursday, February twenty third —–

8:30 AM: The preliminary weekly unemployment claims report will likely be launched. The consensus is for 200 thousand preliminary claims, up from 194 thousand final week.

8:30 AM: Gross Home Product, 4th quarter 2022 (Second estimate). The consensus is that actual GDP elevated 2.9% annualized in This fall, unchanged from the advance estimate of two.9%.

8:30 AM ET: Chicago Fed Nationwide Exercise Index for January. It is a composite index of different knowledge.

11:00 AM: the Kansas Metropolis Fed manufacturing survey for February.

—– Friday, February twenty fourth —–

8:30 AM ET: Private Earnings and Outlays for January. The consensus is for a 0.9% improve in private earnings, and for a 1.3% improve in private spending. And for the Core PCE worth index to extend 0.4%. PCE costs are anticipated to be up 4.9% YoY, and core PCE costs up 4.3% YoY.

10:00 AM: New House Gross sales for January from the Census Bureau.