You are currently browsing the Burbank Real Estate Report weblog archives for the day 30. September 2007.
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- 21. November 2008: California Real Estate Facts
- 20. November 2008: Housing Starts
- 20. November 2008: Housing Market Index
- 14. November 2008: Conforming Loan Limits For 2009
- 11. November 2008: Toluca Lake Real Estate Sales
- 11. November 2008: Studio City Monthly And Year To Date Real Estate Sales
- 9. November 2008: Burbank Real Estate Sales Report For October 2008
- 28. October 2008: Valley Village Foreclosures and Short Sales
- 28. October 2008: Burbank Real Estate Foreclosures
- 28. October 2008: Studio City Foreclosures and Short Sales
Archive for 30. September 2007
The Economic Week Ahead…..
30. September 2007 by Ana Connell.
Monday 1
ISM Manufacturing Index Consensus-52.9 Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, new orders and inventories.
Tuesday 2
Pending Homes Sales Index-Release from NAR Gauges demand and momentum of housing market
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.
Motor Vehicle Sales Consensus 12.4M
4 Week Bill Auction
Wednesday 3
Challenger Job Cut Report Announced corporate layoffs.
MBA Purchase Applications-Measures Mortgage Lender applications, this is considered a leading indicator of single family home sales!
ADP Employment Report-National Employment report based on private payrolls
ISM Non Manufacturing Survey Consensus 54.5
EIA Petroleum Status Report-Measures petroleum inventories in the US
Thursday 4
Monster Employment Index Job availability compiled by Monsters from 1500+ websites.
BOE Announcement- Bank of England Monetary Policy
ECB Announcement- Interest Rate policy issued by European Central Bank
Jobless Claims Unemployment claims. Consensus 310K
Factory Orders Consensus -2.8%
3 and 6 month Treasury Bill Announcement, Treasury Strips Investors use this data to attempt to predict future Federal Reserve policy.Money Supply
Friday 6
Employment Situation-Set of labor market indicators
RBC Cash Index Monthly national survey of consumer attitudes on the state of the economy. Consumer spending accounts for two thirds of the economy, so this tends to be an important index.
Consumer Credit
This report represents the overall value of outstanding consumer credit debt. Very simply put, if demand exceeds supply, interest rates rise.
Coming up this week is the ISM Manufacturing Index due out Monday. If that number comes in with a lower number than expected it could indicate further rate cuts by the Fed.
If you read my Week in Review post you have a sense of our current situation, which is not great. Having said that I will point out that recessions are usually acknowledged after they have started. It could very well be that we are in a recession already and that we’re feeling the worst of it.
Of note was the interview Bloomberg Television did with Daniel Mudd, CEO of Fannie Mae in which he sees the bottom of the housing market hit towards the end of 2008.
Let’s hope he’s not right on this one. But if he is we all need to look at our business models and focus our energies appropriately. Even in a tough market people are still selling and buying.
Have a great week everyone!
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