This week's major U.S. economic reports (July 18 - July 22)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, JULY 18
10 am NAHB home builders' index July 66 67
TUESDAY, JULY 19
8:30 am Building permits (SAAR) June 1.68 million 1.70 million
8:30 am Housing starts (SAAR) June 1.59 million 1.55 million
WEDNESDAY, JULY 20
10 am Existing home sales (SAAR) June 5.38 million 5.41 million
THURSDAY, JULY 21
8:30 am Initial jobless claims July 16 237,000 244,000
8:30 am Continuing jobless claims July 9 -- 1.33 million
8:30 am Philadelphia Fed manufacturing index July 1.9 -3.3
10 am Leading economic indicators June -0.5% -0.4%
FRIDAY, JULY 22
9:45 am S&P Global U.S. manufacturing PMI (flash) July 53.0 52.7
9:45 am S&P Global U.S. services PMI (flash) July 53.0 52.7
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Economic outlook
Up next for the markets: July 18 July 22
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Jul 13, 2022 | 3 min read
Investors will be looking for insight as to the impact rising mortgage rates are having on the real estate market, with a bevy of economic data pertaining to housing scheduled for release this week.
Demand for new and existing homes will become more clear when the NAHB/Wells Fargo Housing Market Index and the National Association of Realtors existing home sales are published.
Mortgage rates are rising which is pushing down demand for new and existing homes. The full extent of that impact will become clearer this week, with several key real estate economic data points due. First out of the gate is the NAHB/Wells Fargo Housing Market Index for July. It gives investors a glimpse into the state of the single-family housing market. With mortgage rates moving higher, affordability is becoming a bigger issue. Housing starts for June are also scheduled for release this week. This data point measures new residential construction projects that start in a given month.
Rounding out the weeks real estate-focused news is Junes existing home sales. Zooming out, investors will look to better gauge how rising mortgage rates are impacting the broader housing market. Also on tap this week are jobless claims as well as the S&P Global Manufacturing, Composite, and Services PMI Flashes for June.
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