The key economic reports this week are November Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.
For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys, will be released this week.
8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 4.0, up from 2.9.
10:00 AM: The December NAHB homebuilder survey. The consensus is for a reading of 70, unchanged from 70. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM: Housing Starts for November.
This graph shows single and total housing starts since 1968.
The consensus is for 1.344 million SAAR, up from 1.314 million SAAR.
This graph shows industrial production since 1967.
The consensus is for a 0.8% increase in Industrial Production, and for Capacity Utilization to increase to 77.2%.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings were at 7.024 million in September.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
During the day: The AIA’s Architecture Billings Index for November (a leading indicator for commercial real estate).
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 224,000 initial claims, down from 252,000 last week.
8:30 AM: the Philly Fed manufacturing survey for December. The consensus is for a reading of 8.0, down from 10.4.
The graph shows existing home sales from 1994 through the report last month.
8:30 AM: Gross Domestic Product, 3nd quarter 2018 (Third estimate). The consensus is that real GDP increased 2.1% annualized in Q3, unchanged from the second estimate of GDP.
10:00 AM: Personal Income and Outlays for November. The consensus is for a 0.3% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.1%.
10:00 AM: University of Michigan’s Consumer sentiment index (Final for December). The consensus is for a reading of 99.2.
10:00 AM: State Employment and Unemployment (Monthly) for November 2018
11:00 AM: the Kansas City Fed manufacturing survey for December.