Schedule for Week of March 17, 2019

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The key report this week is February existing home sales.

For manufacturing, the March Philly Fed manufacturing survey will be released.

The FOMC meets this week, and no change to policy is expected at this meeting.

—– Monday, Mar 18th —–

10:00 AM: The March NAHB homebuilder survey. The consensus is for a reading of  63, up from 62.  Any number above 50 indicates that more builders view sales conditions as good than poor.

—– Tuesday, Mar 19th —–

No major economic releases scheduled.   Note: Housing Starts for February will be released on March 26th.

—– Wednesday, Mar 20th —–

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 February (a leading indicator for commercial real estate).

2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.

2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants’ projections of the appropriate target federal funds rate along with the quarterly economic projections.

2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

—– Thursday, Mar 21st —–

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 225 thousand initial claims, down from 229 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for March. The consensus is for a reading of 4.4, up from -4.1.

—– Friday, Mar 22nd —–

Existing Home Sales10:00 AM: Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 5.08 million SAAR, up from 4.94 million.

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

10:00 AM: State Employment and Unemployment (Monthly) for February 2019

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