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On Wednesday, the National Association of Realtors will release its data on the number of existing homes sold in November.
Photo:
Yuvraj Khanna/Bloomberg News
Monday
The National Association of Home Builders releases its index that tracks the sentiment of single-family home builders. The NAHB/Wells Fargo Housing Market Index has declined every month this year. It had a preliminary reading in November of 39, down from 45 in October and 54 in September.
Tuesday
The Commerce Department reports November data on building permits and housing starts as well as completions for residential construction. Housing starts in October were at a seasonally adjusted annual rate of 1.4 million, down 4.2% from September and 8.8% from a year before.
Wednesday
The National Association of Realtors reports how many existing homes were sold in November, and for how much. October existing-home sales decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million—the ninth straight month of declines. Sales declined 28.4% in October from a year earlier.
Thursday
The Labor Department releases initial unemployment insurance claims for the week ended Dec. 17. Initial claims, a proxy for layoffs, declined last week to the lowest level since late September.
The Commerce Department releases its third estimate of output of the U.S. economy in the third quarter. The agency said in its second estimate that gross domestic product increased at an annual rate of 2.9%.
Friday
The Commerce Department releases figures on household spending, income and inflation for November. Personal spending, which includes goods-and-services purchases, rose 0.8% in October. Income rose 0.7% in October from September. The personal-consumption expenditures price index, the Federal Reserve’s preferred gauge of inflation, increased 6% in October from a year earlier, marking an easing from 6.3% in September.
The Commerce Department releases data on new home sales and prices for November. Sales of new houses in October were at a seasonally adjusted annual rate of 632,000, a 7.5% increase from September.
The University of Michigan releases its final reading of consumer sentiment for December. Preliminary December sentiment was 59.1, an increase of 4% from November and a decline of 16% from a year earlier.
Write to Austen Hufford at austen.hufford@wsj.com
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Appeared in the December 19, 2022, print edition as ‘Economic Calendar.’
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