Smith Faculty Opinion Article	June 18, 2007
By Dr. Peter Morici, Professor of International Business E-MAIL WEB SITE

Forecasts for the Weeks of June 18 and 25

Week of June 18

June 18
NAHB Index - June 31 30

June 19
Housing Startes - May 1.555m 1.528
Building Permits - May 1.480m 1.429

June 21
Initial Jobless Claims 308k 311

Leading Indicators - May 0.3% -0.5

Week of June 25

June 25
Existing Home Sales - May 5.80m 5.99

June 26
Consumer Confidence - June 109.0 108.0

New Home Sales - May 1.000m 0.981

June 27
Durable Goods Orders - May 1.0% 0.6/0.8%

June 28
GDP Preliminary - Q1(f) 0.7% 0.6
GDP Deflator - Q1(f) 4.0% 4.0
Final Sales - Q1(f) 1.7% 1.6
Core PCE - Q1(f) 2.2% 2.2
PCE - Q1(f) 3.3% 3.3

Help Wanted Index - May 30 29

June 29
Personal Income - May 0.8% -0.1
Per Con Expenditures - May 0.7% 0.5
PCE Deflator - May 0.4% 0.3
Core PCE Deflator- May 0.1% 0.1
Real Per Consumption - May 0.3% 0.2

Chicago PMI - June 57.3 61.7
Construction Spending - May 0.7% 0.1

Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.