This week's major U.S. economic reports (April 18 - April 22)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, APRIL 18
10 am NAHB home builders' index April -- 79
TUESDAY, APRIL 19
8:30 am Building permits (SAAR) March -- 1.87 million
8:30 am Housing starts (SAAR) March -- 1.77 million
WEDNESDAY, APRIL 20
10 am Existing home sales (SAAR) March -- 6.02 million
2 pm Federal Reserve releases Beige Book
THURSDAY, APRIL 21
8:30 am Initial jobless claims April 16 -- --
8:30 am Continuing jobless claims April 9 -- --
10 am Leading economic indicators March -- 0.3%
FRIDAY, APRIL 22
9:45 am S&P (Markit) manufacturing PMI (flash) April -- 58.8
9:45 am S&P (Markit) services PMI (flash) April -- 58.0
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Economic outlook
Up next for the markets: April 18 April 22
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
April 13, 2022 | 3 min read
The health of the real estate market will be on display this week, with a bevy of economic data pertaining to housing scheduled for release.
Investors will get a better sense of demand for new and existing home sales when the NAHB/Wells Fargo Housing Market Index and the National Association of Realtors existing home sales are released.
Investors wondering whether rising mortgage rates are impacting the housing market will have a better idea this week, with a slew of real estate-focused economic data points slated for release.
First out of the gate is the NAHB/Wells Fargo Housing Market Index for April. This leading index takes the pulse of the nations homebuilders to get a sense of how new home sales are tracking monthly. The industry has faced headwinds as a result of supply chain issues, rising material costs and a lack of labor. That has slowed new construction and contributed to a shortage of inventory, leading to rising home prices, which, in turn, has shut many buyers out of the market.
Also on the real estate front, the housing starts for March are scheduled for release. This metric tracks new residential construction projects that started in the month. The National Association of Realtors existing home sales for March is also due, rounding out the real estate-focused data for the week. Taken together, investors will have a better sense of demand for new and existing residential homes.
Also scheduled for release are initial and existing unemployment claims and the S&P Global Flash US PMI reports for April. The latter data points are leading indicators, giving investors an idea of how manufacturers and service providers are faring on a monthly basis.
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