So many impacts on the housing market - and now the world realizes how the housing market definetly impacts the rest of the economy. Thanks to Mike King, Vice President, Leader Bank in Massachusetts for keeping me updated on the releases which will impact our economy this week.
You can reach out to Mike King at Leader Bank on 781-474-5114 or via MKing@LeaderBank.com
if you too would like to deal with an extremely professional dedicated team of mortgage officers and underwriters in Massachusetts.
Economic Calendar for the Week of Jan 25 – Jan 29
| Date | Time (ET) | Release | For | Consensus | Prior | Impact |
| Tu Jan 26 |
10:00 | Consumer Confidence | Jan | 96.8 | 96.5 | Moderate |
| W Jan 27 |
10:00 | New Home Sales | Dec | 506K | 490K | Moderate |
| W Jan 27 |
10:30 | Crude Inventories | 1/23 | NA | 3.979M | Moderate |
| W Jan 27 |
14:00 | FOMC Rate Decision | 1/27 | 0.25-0.5% | 0.25-0.5% | HIGH |
| Th Jan 28 |
08:30 | Initial Unemployment Claims | 1/23 | 285K | 293K | Moderate |
| Th Jan 28 |
08:30 | Continuing Unemployment Claims | 1/16 | 2.230M | 2.210M | Moderate |
| Th Jan 28 |
08:30 | Durable Goods Orders | Dec | -0.5% | 0.0% | Moderate |
| Th Jan 28 |
10:00 | Pending Home Sales | Dec | 0.8% | -0.9% | Moderate |
| F Jan 29 |
08:30 | GDP - Advanced | Q4 | 0.9% | 2.0% | Moderate |
| F Jan 29 |
08:30 | GDP Deflator - Advanced | Q4 | 0.9% | 1.3% | Moderate |
| F Jan 29 |
08:30 | Employment Cost Index | Q4 | 0.6% | 0.6% | HIGH |
| F Jan 29 |
09:45 | Chicago PMI | Jan | 45.0 | 42.9 | HIGH |
| F Jan 29 |
10:00 | U. of Michigan Consumer Sentiment - Final | Jan | 93.2 | 92.6 | Moderate |
MaryBeth Mills Muldowney, Massachusetts Real Estate Broker and Licensed Auctioneer
"The pessimist complains about the wind. The optimist expects it to change.
The Leader adjusts the sails." -John Maxwell
Founder and President, TradeWinds Realty Group LLC
MaryBeth@TradeWindsRealtyGroup.com
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Mary Beth, why this post is music to my ears with all the rich economic data coming up this week! (I taught Economics in high school!) Will be interesting to see what Wall Street does with this released data this week after the very rocky start to the new year.
Thanks so much for subscribing to my blog, Mary Beth! I look forward to learning more about the MA area home to that famous lady in Fall River in Battleship Cove, The USS MASSACHUSETTS !
Hi Bruce, thank you - I do not think many realize how important these results are when the Fed is considering rate hikes - the impact on all markets. It is good to see that although the course Economics has been a bit downplayed as late in the high schools nationally ( a real shame, it should be a requirement!) some high schools and below are instructing the pupils on their own financial economics and needs. I would love to see this a mandated course requirement too!
I can also say I have slept there - yes on the USS Massachusetts in Fall River, did my service duty as Cub Scout, Boy Scout and Girl Scout Leader during the years so had the opportunity to do my overnights there LOL!
Thank you for commenting, wishing the best in 2016! It is going to be a good year for all of us!