Saturday, May 13, 2017

Schedule for Week of May 14, 2017

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 -----

Total Housing Starts and Single Family Housing Starts8:30 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.

Industrial Production9:15 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