Schedule for Week of November 22, 2020

The key reports this week are October New Home sales, and the second estimate of Q3 GDP.

Other key indicators include Personal Income and Outlays for October and Case-Shiller house prices for September.

For manufacturing, the Richmond Fed manufacturing survey will be released this week.

—– Monday, November 23rd —–

8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.

—– Tuesday, November 24th —–

Case-Shiller House Prices Indices9:00 AM ET: S&P/Case-Shiller House Price Index for September.

This graph shows graph shows the Year over year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).

The consensus is for a 5.8% year-over-year increase in the National index for September.

9:00 AM: FHFA House Price Index for September. This was originally a GSE only repeat sales, however there is also an expanded index.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for November.

—– Wednesday, November 25th —–

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 initial claims decreased to 710 thousand from 742 thousand last week.

8:30 AM: Gross Domestic Product, 3nd quarter 2020 (Second estimate). The consensus is that real GDP increased 33.1% annualized in Q3, unchanged from the advance estimate of GDP.

8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 1.9% increase in durable goods orders.

10:00 AM: Personal Income and Outlays for October. The consensus is for a 0.1% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%.

New Home Sales10:00 AM: New Home Sales for October from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.

The consensus is for 975 thousand SAAR, up from 959 thousand in September.

10:00 AM: University of Michigan’s Consumer sentiment index (Final for November). The consensus is for a reading of 77.0.

2:00 PM: FOMC Minutes, Meeting of November 4-5, 2020

—– Thursday, November 26th —–

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

—– Friday, November 27th —–

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

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