The key economic report this week is December Housing Starts.
For manufacturing, December industrial production, and the January New York, and Philly Fed manufacturing surveys, will be released this week.
All US markets will be closed in observance of Martin Luther King Jr. Day
8:30 AM ET: The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 18.6, up from 18.0.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for December.
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 77.3%.
10:00 AM: The January NAHB homebuilder survey. The consensus is for a reading of 73, down from 74 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 250 thousand initial claims, up from 261 thousand the previous week.
8:30 AM: Housing Starts for December.
This graph shows single and total housing starts since 1968.
The consensus is for 1.280 million SAAR, down from 1.297 million SAAR in November.
8:30 AM: the Philly Fed manufacturing survey for January. The consensus is for a reading of 25.0, down from 26.2.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for January). The consensus is for a reading of 97.0, up from 95.9.