Schedule for Week of October 17, 2021

The key economic reports this week are September Housing Starts and Existing Home sales.

For manufacturing, September Industrial Production, and the October Philly Fed survey will be released this week.

—– Monday, October 18th —–


Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for September.

This graph shows industrial production since 1967.

The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 76.5%.

10:00 AM: The October NAHB homebuilder survey. The consensus is for a reading of  76, unchanged from 76 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.

—– Tuesday, October 19th —–


Total Housing Starts and Single Family Housing Starts8:30 AM: Housing Starts for September.

This graph shows single and multi-family housing starts since 1968.

The consensus is for 1.620 million SAAR, up from 1.615 million SAAR.

—– Wednesday, October 20th —–


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

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

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

—– Thursday, October 21st —–


8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 290 thousand initial claims, down from 293 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for October. The consensus is for a reading of 24.5, down from 30.7.

Existing Home Sales10:00 AM: Existing Home Sales for September from the National Association of Realtors (NAR). The consensus is for 6.06 million SAAR, up from 5.88 million in August.

The graph shows existing home sales from 1994 through the report last month.

—– Friday, October 22nd —–


10:00 AM: State Employment and Unemployment (Monthly) for September 2021

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