Economic Data Forecasts For The Weeks Of Nov. 18 And 25

Here are my forecasts for upcoming economic data.   Forecast Prior       Observation           Week of November 18       November 18       NAHB Index 45 43           November 19       Housing Starts – October 1.340M 1.354   Building Permits 1.430 1.428           November 21       Initial Unemployment Claims       Philadelphia Fed Survey 8.0 10.3   Leading Indicators -0.3 -0.5   Existing Home Sales – October 3.880M 3.840           November 22       PMI Manufacturing Flash Index 48.8 48.5           Michigan Consumer Sentiment Index – November (r) 73.5 73.0           Week of November 25       November 25       Chicago Fed National Activity Index – October -0.10 -0.28   Dallas Fed Manufacturing Index -6.0 -3.0   FHFA Housing Price Index  – Sept 0.3% 0.3           November 26       S&P Case/Shiller Index – September       Twenty City M/M -0.1% -0.3   Twenty City M/M – SA 0.4 0.4   Twenty City Y/Y 4.8 5.2           Consumer Confidence – November 105.0 108.7   New Home Sales – October 720K 738   Richmond Fed Manufacturing Index -0.8 -16.5           November 27       Durable Goods Sales – October 0.4% -0.5           International Trade in Goods – October -$105.2B -108.2   Wholesale Inventories – October 0.0% -0.2           GDP – Q3 (r) 2.8% 2.8           Personal Income – October 0.3% 0.3   Personal Spending 0.3 0.5   PCE Price Index 0.2 0.2   Core PCE Price Index 0.3 0.3           Pending Home Sale Index – October 76.1 75.8           November 29       Chicago PMI 44.4 41.6

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