by calculated risk March 16, 2024 08:11:00 AM
This week's main reports are housing starts and existing home sales for February.
The FOMC will meet this week, but no policy changes are expected.
—– Monday, March 18th —–
10am: March NAHB Home Builder Survey. Consensus is 48, unchanged from 48. A number below 50 indicates that more builders see sales conditions as worse than good.
—– Tuesday, March 19th —–
This graph shows the number of single-family and multi-family housing starts since 1968.
The consensus stands at 1.435 million SAAR, up from 1.331 million SAAR.
—– Wednesday, March 20th —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
Daytime: AIA architecture billing index (Commercial Real Estate Leading Indicator) in February.
2 pm: FOMC meeting announcement. No changes in policy are expected at this meeting.
2 pm: FOMC forecast. This includes the latest economic forecasts, as well as Federal Open Market Committee (FOMC) participants' predictions about the appropriate target federal funds rate.
2:30pm: Jerome Powell Fed Chairman A press conference will be held after the FOMC announcement.
—– March 21st (Thursday) —–
8:30am: First weekly unemployment claim The report will be published. The consensus was 212,000 initial claims, up from 209,000 last week.
8:30am: Philadelphia Fed Manufacturing Survey For March. The consensus is expected to be 5.2 to -2.5.
The graph shows existing home sales from 1994 through last month's report.
—– Friday, March 22nd —–
10 am: State employment and unemployment February 2024 (Monthly)