Schedule for Week of February 21, 2021

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 Dallas, Richmond and Kansas City manufacturing surveys will be released.

—– Monday, Feb 22nd —–


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

10:30 AM: Dallas Fed Survey of Manufacturing Activity for February.

—– Tuesday, Feb 23rd —–


9:00 AM: FHFA House Price Index for December 2020. This was originally a GSE only repeat sales, however there is also an expanded index.

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

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 9.1% year-over-year increase in the Comp 20 index for December.

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

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

—– Wednesday, Fed 24th —–


7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

New Home Sales10:00 AM: New Home Sales for January 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 855 thousand SAAR, up from 842 thousand in December.

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives

During the day: The AIA’s Architecture Billings Index for January (a leading indicator for commercial real estate).

—– Thursday, Feb 25th —–


8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 845 thousand from 861 thousand last week.

8:30 AM: Gross Domestic Product, 4th quarter 2020 (Second estimate). The consensus is that real GDP increased 4.1% annualized in Q4, up from the advance estimate of 4.0%.

8:30 AM: Durable Goods Orders for January from the Census Bureau. The consensus is for a 1.1% decrease in durable goods orders.

10:00 AM: Pending Home Sales Index for January. The consensus is for a 0.1% decrease in the index.

11:00 AM: the Kansas City Fed manufacturing survey for February. This is the last of regional manufacturing surveys for February.

—– Friday, Feb 26th —–


8:30 AM ET: Personal Income and Outlays for January. The consensus is for a 10.0% increase in personal income, and for a 2.5% increase in personal spending. And for the Core PCE price index to increase 0.1%.

9:45 AM: Chicago Purchasing Managers Index for February. The consensus is for a reading of 61.0, down from 63.8 in January.

10:00 AM: University of Michigan’s Consumer sentiment index (Final for February). The consensus is for a reading of 76.2.

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear