by Bill McBride on 5/13/2017 08:11:00 AM
The key economic report this week is April Housing Starts.
For manufacturing, April industrial production, and the May New York, and Philly Fed manufacturing surveys, will be released this week.
—– Monday, May 15th —–
8:30 AM ET: The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 7.0, up from 5.2.
10:00 AM: The May NAHB homebuilder survey. The consensus is for a reading of 68, unchanged from 68 in April. Any number above 50 indicates that more builders view sales conditions as good than poor.
—– Tuesday, May 16th —–
8:30 AM: Housing Starts for April.
This graph shows total and single unit starts since 1968.
The graph shows the huge collapse following the housing bubble, and then – after moving sideways for a couple of years – housing is now recovering (but still historically low).
The consensus is for 1.256 million, up from the March rate of 1.215 million.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for April.
This graph shows industrial production since 1967.
The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 76.3%.
—– Wednesday, May 17th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
11:00 AM: The New York Fed will release their Q1 2017 Household Debt and Credit Report
—– Thursday, May 18th —–
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, up from 236 thousand the previous week.
8:30 AM: the Philly Fed manufacturing survey for May. The consensus is for a reading of 19.6, down from 22.0.
—– Friday, May 19th —–
10:00 AM: Regional and State Employment and Unemployment (Monthly) for April 2017