Replies to post #42148 on Economic Collapse

[basserdan]

8:55a Redbook Chain Store Sales
Store Sales - Y/Y 2.9% actual vs 4.0% prior
Definition
A weekly measure of comparable store sales at chain stores, discounters, and department stores. Redbook tracks week-to-week change, month-to-date change, and year-on-year change with the latter the most closely watched reading. The report, produced by Redbook Research, offers early indications on ex-auto ex-gas retail sales.


9:00a S&P Corelogic Case-Shiller Home Price Index
20-City Adjusted - M/M 1.3% actual vs 1.4% prior
20-City Unadjusted - M/M 0.8% actual vs 1.1% prior
20-City Unadjusted - Y/Y 10.1% actual vs 9.1% prior
Consensus Outlook
Case-Shiller's 20-city adjusted index is expected to rise a monthly 1.0 percent in December versus a much higher-than-expected 1.4 percent jump in November. Year-over-year prices are expected even stronger at 9.6 percent versus November's 6-1/2 year high of 9.1 percent.
Definition
The S&P Corelogic Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the nation. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home resales. Condominiums and co-ops are excluded as is new construction. Note that forecasters, in line with recommendations from Standard & Poor's questioning the accuracy of seasonal adjustments, track both seasonally adjusted and not seasonally adjusted monthly data for this indicator.


9:00a FHFA House Price Index
Month over Month 1.1 % actual vs 1.0% prior
Year over Year 11.4% actual vs 11.0% prior
Consensus Outlook
Extending an ever-climbing record run, the FHFA house price index jumped a no surprise 1.0 percent in November for record year-over-year growth of 11.0 percent. December's expectations call for a monthly increase of 0.8 percent.
Definition
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. In contrast to other house price indexes, the sample is limited by the ceiling amount for conforming loans purchased by these government-sponsored enterprises (GSE). Mortgages insured by the FHA, VA, or other federal entities are excluded because they are not "conventional" loans. The FHFA House Price Index is a repeat transactions measure. It compares prices or appraised values for similar houses.

[basserdan]

10:00a Consumer Confidence
Index 91.3 actual vs 88.9 (rev) prior
Consensus Outlook
As weakness in current assessments is balanced to a degree by strength in the 6-month outlook, another subdued reading is expected for the consumer confidence index, at a 90.0 consensus for February versus January's mostly as-expected 89.3.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.


10:00a Richmond Fed Mfg.
Index 14 actual vs 14 prior
Consensus Outlook
The Richmond Fed index slowed by 5 points to 14 in January with 14 also the expectation for February.
Definition
This survey tracks business conditions in the Richmond Fed's manufacturing sector. The headline index is a composite of the new orders, shipments, and employment indexes.