Schedule for Week of July 19, 2020

The key reports this week are June New and Existing Home Sales.

—– Monday, July 20th —–

No major economic releases scheduled.

—– Tuesday, July 21st —–

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

—– Wednesday, July 22nd —–

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

9:00 AM: FHFA House Price Index for May 2019. This was originally a GSE only repeat sales, however there is also an expanded index.

Existing Home Sales10:00 AM: Existing Home Sales for June from the National Association of Realtors (NAR). The consensus is for 4.86 million SAAR, up from 3.91 million last month.

The graph shows existing home sales from 1994 through the report last month.

Housing economist Tom Lawler expects the NAR to report 4.65 million SAAR.

During the day: The AIA’s Architecture Billings Index for June (a leading indicator for commercial real estate).

—– Thursday, July 23rd —–

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 1.500 million initial claims, up from 1.300 million the previous week.

—– Friday, July 24th —–

New Home Sales10:00 AM: New Home Sales for June 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 700 thousand SAAR, up from 676 thousand in May.