by Calculated Risk on 2/22/2025 08:11:00 AM
The key reports this week are January New Home sales, the second estimate of Q4 GDP, Personal Income and Outlays for January, and Case-Shiller house prices.
For manufacturing, the February Dallas, Kansas City, and Richmond Fed manufacturing surveys will be released.
—– Monday, February 24th —–
8:30 AM ET: Chicago Fed National Activity Index for January. This is a composite index of other data.
10:30 AM: Dallas Fed Survey of Manufacturing Activity for February.
—– Tuesday, February 25th —–
9:00 AM: FHFA House Price Index for December 2024. This was originally a GSE only repeat sales, however there is also an expanded index.
9:00 AM: S&P/Case-Shiller House Price Index for December.
This graph shows the year-over-year change for the Case-Shiller National, Composite 10 and Composite 20 indexes, through the most recent report (the Composite 20 was started in January 2000).
The consensus is for a 4.5% year-over-year increase in the Comp 20 index for December, up from 4.3% in November.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for February.
—– Wednesday, February 26th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.
10:00 AM: New Home Sales for January from the Census Bureau.
This graph shows New Home Sales since 1963.
The dashed line is the sales rate for last month.
—– Thursday, February 27th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thousand from 219 thousand last week.
8:30 AM: Gross Domestic Product, 4th Quarter and Year 2024 (Second Estimate) The consensus is that real GDP increased 2.3% annualized in Q4, unchanged from the advance estimate of 2.3%.
8:30 AM: Durable Goods Orders for January from the Census Bureau. The consensus is for a 1.8% increase in durable goods orders.
10:00 AM: Pending Home Sales Index for January. The consensus is for a 1.2% decrease in the index.
11:00 AM: the Kansas City Fed manufacturing survey for February.
—– Friday, February 28th —–
8:30 AM ET: Personal Income and Outlays for January. The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.5% YoY, and core PCE prices up 2.6% YoY.
9:45 AM: Chicago Purchasing Managers Index for February.
