by Bill McBride on 2/14/2015 01:15:00 PM
Saturday, February 14, 2015
The key economic report this week is January housing starts on Wednesday.
For manufacturing, the January Industrial Production and Capacity Utilization report, and the February NY Fed (Empire State), and Philly Fed surveys, will be released this week.
For prices, PPI will be released on Wednesday.
All US markets are closed in observance of the Presidents' Day holiday.
8:30 AM: NY Fed Empire State Manufacturing Survey for February. The consensus is for a reading of 9.0, down from 10.0 last month (above zero is expansion).
10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading of 58, up from 57 in January. Any number above 50 indicates that more builders view sales conditions as good than poor.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Housing Starts for January.
Total housing starts were at 1.089 million (SAAR) in December. Single family starts were at 679 thousand SAAR in December.
The consensus is for total housing starts to decrease to 1.070 million (SAAR) in January.
8:30 AM: The Producer Price Index for January from the BLS. The consensus is for a 0.4% decrease in prices, and a 0.1% increase in core PPI.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for January.
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 79.9%.
During the day: The AIA's Architecture Billings Index for January (a leading indicator for commercial real estate).
2:00 PM: FOMC Minutes for Meeting of January 27-28, 2015
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 290 thousand from 304 thousand.
10:00 AM: the Philly Fed manufacturing survey for February. The consensus is for a reading of 8.5, up from 6.3 last month (above zero indicates expansion).
No economic releases scheduled.