by Calculated Risk on 10/16/2021 08:11:00 AM
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.
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.
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.
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.
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.
The graph shows existing home sales from 1994 through the report last month.
10:00 AM: State Employment and Unemployment (Monthly) for September 2021