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The key economic reports this week are the advance estimate of Q4 GDP, and December new home sales and existing home sales.
For manufacturing, the January Richmond Fed and Kansas City Fed manufacturing surveys will be released this week.
8:30 AM ET: Chicago Fed National Activity Index for December. This is a composite index of other data.
10:00 AM ET: Richmond Fed Survey of Manufacturing Activity for January.
10:00 AM: State Employment and Unemployment (Monthly) for December 2017
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
9:00 AM ET: FHFA House Price Index for November 2017. This was originally a GSE only repeat sales, however there is also an expanded index.
The graph shows existing home sales from 1994 through the report last month.
Housing economist Tom Lawler expects the NAR to report sales of 5.66 million SAAR for December.
During the day: The AIA’s Architecture Billings Index for December (a leading indicator for commercial real estate).
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, up from 220 thousand the previous week.
This graph shows New Home Sales since 1963. The dashed line is the November sales rate.
The consensus is for 683 thousand SAAR, down from 733 thousand in November.
11:00 AM: the Kansas City Fed manufacturing survey for December.
8:30 AM: Gross Domestic Product, 4th quarter 2017 (Advance estimate). The consensus is that real GDP increased 2.9% annualized in Q4, down from 3.2% in Q3.
8:30 AM: Durable Goods Orders for November from the Census Bureau. The consensus is for a 0.8% increase in durable goods orders.