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.
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.
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%.
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
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.
10:00 AM: Regional and State Employment and Unemployment (Monthly) for April 2017