by Calculated Risk on 7/17/2021 08:11:00 AM
The key reports this week are June Housing Starts and Existing Home Sales.
10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 82, up from 81. Any number above 50 indicates that more builders view sales conditions as good than poor.
This graph shows single and total housing starts since 1968.
The consensus is for 1.592 million SAAR, up from 1.572 million SAAR in May.
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 June (a leading indicator for commercial real estate).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 348 thousand from 360 thousand last week.
8:30 AM ET: Chicago Fed National Activity Index for June. This is a composite index of other data.
The graph shows existing home sales from 1994 through the report last month.
Housing economist Tom Lawler expects the NAR to report 5.79 million SAAR.
11:00 AM: the Kansas City Fed manufacturing survey for July.
No major economic releases scheduled.