The key economic reports this week are April Housing Starts and Retail Sales.
For manufacturing, April industrial production, and the May New York, and Philly Fed manufacturing surveys, will be released this week.
No major economic releases scheduled.
8:30 AM ET: Retail sales for April will be released. The consensus is for a 0.3% increase in retail sales.
This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 4.2% on a YoY basis.
8:30 AM ET: The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 15.5, down from 15.8.
10:00 AM: The May NAHB homebuilder survey. The consensus is for a reading of 70, up from 69 in April. Any number above 50 indicates that more builders view sales conditions as good than poor.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Housing Starts for April.
This graph shows single and total housing starts since 1968.
The consensus is for 1.325 million SAAR, up from 1.319 million SAAR in March.
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 0.6% increase in Industrial Production, and for Capacity Utilization to decrease to 78.4%.
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 217 thousand initial claims, up from 211 thousand the previous week.
8:30 AM: the Philly Fed manufacturing survey for May. The consensus is for a reading of 22.0, down from 23.2.
11:00 AM: The New York Fed will release their Q1 2018 Household Debt and Credit Report
10:00 AM: State Employment and Unemployment (Monthly) for April 2018