The Week Ahead

EXISTING HOME SALES
      Monday, Nov. 27, 8:45 a.m. -- Existing homes probably sold at an annual rate of 
      3.9 million in October, after rising 0.7% in September, to a 4.15 million pace.
      
      HOUSING STARTS
      Tuesday, Nov. 28, 8:30 a.m. -- Housing starts in October probably stood at an 
      annual rate of 1.4 million, unchanged from September's level. That's according 
      to the median forecast of economists surveyed by MMS International, a division 
      of The McGraw-Hill Companies. The October housing release was originally 
      scheduled for Nov. 17, but was delayed because of the government shutdown.
      
      CONSUMER CONFIDENCE
      Tuesday, Nov. 28, 10 a.m. -- The Conference Board's index of consumer 
      confidence likely slipped to 96.4 in November from 97 in October, projects the 
      MMS report. That would be the index's third decline in a row. And a 
      deterioration in consumers' optimism about the economy and job prospects does 
      not bode well for holiday shopping.
      
      DURABLE GOODS ORDERS
      Thursday, Nov. 30, 8:30 a.m. -- New orders taken by durable-goods manufacturers 
      probably fell 1.5% in October. That's suggested by the drop in output of 
      durable goods for the month. The expected decline follows two big gains in 
      orders, including a 2.9% rise in September. With consumer demand losing steam, 
      however, manufacturers are cutting back output.
      
      NAPM SURVEY
      Friday, Dec. 1, 10 a.m. -- The MMS survey forecasts that the National 
      Association of Purchasing Management's business index probably rose to 48% in 
      November, from 46.8% in October. Despite the increase, the NAPM index would 
      still be below the 50% line that divides expansion and recession for the 
      industrial sector.
      
      Note: As a result of the government shutdown, many economic releases have been 
      rescheduled.
      
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