by Calculated Risk on 9/20/2025 08:11:00 AM
The key reports this week are August New and Existing Home sales, the third estimate of Q2 GDP, and Personal Income and Outlays for August.
For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week.
—– Monday, September 22nd —–
8:30 am and; Chicago Fed National Activity Index for August. This is a composite index of other data.
—– Tuesday, September 23rd —–
10:00 AM: the Richmond Fed manufacturing survey for September.
—– Wednesday, September 24th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: New Home Sales for August from the Census Bureau.
This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 653 thousand SAAR, up from 652 thousand in July.
During the day: The AIA’s Architecture Billings Index for August (a leading indicator for commercial real estate).
—– Thursday, September 25th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for initial claims to increase to 234 thousand from 231 thousand last week.
8:30 AM: Gross Domestic Product, 2nd Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised) The consensus is that real GDP increased 3.3% annualized in Q2, unchanged from the second estimate of 3.3%.
8:30 AM: Durable Goods Orders for August from the Census Bureau. The consensus is for a 0.5% decrease in durable goods orders.
10:00 AM: Existing Home Sales for August from the National Association of Realtors (NAR). The consensus is for 3.98 million SAAR, down from 4.01 million in July.
The graph shows existing home sales from 1994 through the report last month.
11:00 AM: the Kansas City Fed manufacturing survey for September.
—– Friday, September 26th —–
8:30 AM: Personal Income and Outlays, August 2025. The consensus is for a 0.3% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.2% (up 2.9% YoY).
10:00 AM: University of Michigan’s Consumer sentiment index (Final for September). The consensus is for a reading of 55.4.
