By Kasra Kangarloo
WASHINGTON (MNI) – The week ahead will feature a number of prominent
releases, including housing data, consumer confidence and the
preliminary third-quarter GDP report, revising October’s advance report.
Regional releases include the November MNI Chicago Report Friday at
9:45 a.m. ET, the November Dallas Fed manufacturing index Monday at
10:30 a.m. ET, and the November NAPM-Milwaukee manufacturing index
Friday at 9:00 a.m. ET.
The housing market has so far maintained its recent gains for the
month of October, with higher-than-expected sales of existing homes and
housing starts. New home sales and pending home sales, to be released
Wednesday at 10:00 a.m. ET and Thursday at 10:00 a.m. ET, respectively,
are next in line for October.
House price data include the September Federal Housing Finance
Authority’s home price index, to be released Tuesday at 10:00 a.m. ET,
and the September S&P Case Shiller house price index, to be released
Tuesday at 9:00 a.m. ET.
Housing prices have also started to gain traction in recent months,
as the surplus of lower-priced foreclosed homes has finally started to
run off.
The second estimate of third quarter GDP will be released Thursday
at 8:30 a.m. ET. The first estimate showed a surprise to the upside,
though it was offset by the effects of the Midwestern drought and waning
exports.
November consumer confidence, to be released Tuesday at 10:00 a.m.,
could hold some surprises on account of the presidential election, as
high-profile political events can often have an outsized impact
on consumer expectations.
Regional releases include the November MNI Chicago Report Friday at
9:45 a.m. ET, the November Dallas Fed manufacturing index Monday at
10:30 a.m. ET, and the November NAPM-Milwaukee manufacturing index
Friday at 9:00 a.m. ET.
October durable goods orders will be released Tuesday at 8:30 a.m.
ET. Durables have been highly volatile in past months on account of
shifting transportation orders, with core orders mostly on the weaker
side.
The Federal Reserve’s beige book report will be also be released
Tuesday at 2:00 p.m. ET.
Other data to be released over the week include October personal
income and spending Friday at 8:30 a.m. ET, initial jobless claims
Thursday at 8:30 a.m. ET and the November Chicago Federal Reserve
national activity index, released Monday at 8:30 a.m. ET.
— Kasra Kangarloo is a Washington reporter for Need to Know News
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: M$$FI$,M$U$$$,MAUDS$]
