The Week Ahead, Feb. 28, 2022: 4 Things to Know
Good morning and happy Monday! Here’s what’s happening in the real estate finance world this week:
First, Jerome Powell. Federal Reserve Chair Jerome Powell visits Capitol Hill this month to deliver the Fed’s Semi-Annual Monetary Policy Report to Congress.
Powell will appear before the House Financial Services Committee on Wednesday, Mar. 2. The hearing begins at 10:00 a.m. ET in 2128 Rayburn House Office Building and can be accessed online here.
On Thursday, Mar. 3, Powell travels to the other side of the Capitol to appear before the Senate Banking Committee. The hearing begins at 10:00 a.m. ET in Dirksen Senate Office Building Room 538 and can be accessed online here.
For more information about the House and Senate, visit www.house.gov and www.senate.gov, respectively. For more information about upcoming hearings in the Senate Banking Committee, click https://www.banking.senate.gov/hearings. For more information about upcoming hearings in the House Financial Services Committee, click https://financialservices.house.gov/calendar/?EventTypeID=577&Congress=117.
Second, MBA. On Wednesday, MBA releases its Weekly Mortgage Applications Survey, with commentary and analysis from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
Third, Economic Reports. The first week of the month means one thing: jobs reports. Three of the four major reports take place this week: The ADP National Employment Report (Wednesday); Initial Claims (Thursday); and the February Employment Situation (Friday.) For the latter, MBA Chief Economist Mike Fratantoni will provide commentary and analysis in the Monday, Mar. 7 edition of MBA NewsLink.
Here are this week’s scheduled housing/economic reports. MBA NewsLink will provide coverage of those marked in bold):
Tuesday: CoreLogic Home Price Index; Construction; Institute for Supply Management Manufacturing Index; Dallas Fed Texas Retail Outlook Survey
Wednesday: MBA Weekly Applications Survey; ADP National Employment Report
Thursday: Initial Claims; Productivity & Costs (Revised); ISM Non-Manufacturing Index; Manufacturing, Shipments And Orders
Friday: Employment Situation
Fourth, Upcoming MBA Conferences. Here is a list of upcoming MBA conferences:
Ritz-Carlton, Bachelor Gulch, Avon, Colo.
The Bellagio Las Vegas
Renaissance Washington, D.C.
Renaissance Washington, D.C.
Marriott Marquis New York
JW Marriott Los Angeles L.A. LIVE
For more information, click the links above or visit https://www.mba.org/conferences-and-education/conferences-and-meetings.
For the most up-to-date information regarding legislative activity at the state and local level, visit the MBA State Legislative Database here.
For information about MBA Education events, visit http://www.mbaeducation.org.
For information about the National Association of Minority Mortgage Bankers of America (NAMMBA), visit https://www.nammba.org/.
Enjoy the week!