by Calculated Risk on 8/14/2021 08:11:00 AM

The key reports this week are July Housing Starts and Retail sales.

For manufacturing, the Industrial Production report will be released.

The BLS will release the preliminary employment benchmark revision.

----- Monday, August 16th -----
8:30 AM: The New York Fed Empire State manufacturing survey for August. The consensus is for a reading of 29.0, down from 43.0.

----- Tuesday, August 17th -----
8:30 AM: Retail sales for July is scheduled to be released.  The consensus is for 0.2% decrease in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline)

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for July.

This graph shows industrial production since 1967.

The consensus is for a 0.5% increase in Industrial Production, and for Capacity Utilization to increase to 75.7%.

10:00 AM: The August NAHB homebuilder survey. The consensus is for a reading of 80, unchanged from 80. Any number above 50 indicates that more builders view sales conditions as good than poor.

12:00 PM: MBA Q2 National Delinquency Survey (expected)

1:30 PM: Fed Chair Powell speaks: Conversation with the Chair: A Virtual Teacher Town Hall Meeting

----- Wednesday, August 18th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM ET: Housing Starts for July.

This graph shows single and total housing starts since 1968.

The consensus is for 1.602 million SAAR, down from 1.643 million SAAR in June.

10:00 AM: the Bureau of Labor Statistics (BLS) will release the preliminary estimate of the upcoming annual benchmark revision.

During the day: The AIA's Architecture Billings Index for July (a leading indicator for commercial real estate).

2:00 PM: FOMC Minutes, July 27-28, 2021

----- Thursday, August 19th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 360 thousand from 375 thousand last week.

8:30 AM: the Philly Fed manufacturing survey for August. The consensus is for a reading of 25.0, up from 21.9.

----- Friday, August 20th -----
10:00 AM: State Employment and Unemployment (Monthly) for July 2021