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Weekly Schedule

The key reports scheduled for this week include February New Home sales, the 3rd estimate of Q4 GDP, February Personal Income & Outlays, and January Case-Shiller house prices.

For manufacturing, the March Dallas, Richmond and Kansas City Fed surveys will be released.

----- Monday, March 18th -----

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

New Home Sales10:00 AM: New Home Sales for February 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 673 thousand SAAR, up from 661 thousand in January.

----- Tuesday, March 19th -----

8:30 AM: Durable Goods Orders for February from the Census Bureau. The consensus is for a 1.0% increase in durable goods orders.

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

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 5.8% year-over-year increase in the National index for January, up from 5.5% YoY in December.

9:00 AM: FHFA House Price Index for January 2021. 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 March.

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

----- Wednesday, March 20th -----

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

----- Thursday, March 21st -----

8:30 AM, Gross Domestic Product, 4th Quarter and Year 2023 (Third Estimate), GDP by Industry, and Corporate Profits. The consensus is that real GDP increased 3.2% annualized in Q4, unchanged from the second estimate.

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 208 thousand initial claims, down from 210 thousand last week.

9:45 AM: Chicago Purchasing Managers Index for March. The consensus is for a reading of 43.0, down from 44.0 in February.

10:00 AM: Pending Home Sales Index for February. The consensus is for a 2.0% increase in the index.

10:00 AM: University of Michigan's Consumer sentiment index (Final for March). The consensus is for a reading of 76.5.

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

----- Friday, March 22nd -----

All US markets will be closed in observance of Good Friday.

8:30 AM: Personal Income and Outlays for February. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 2.5% YoY, and core PCE prices up 2.8% YoY.

11:30 AM: Discussion, Fed Chair Jerome Powell, Moderated Discussion with Kai Ryssdal, At the Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference, San Francisco, Calif