The key economic reports this week are March Housing Starts and Existing Home Sales.
For manufacturing, March industrial production, and the April 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 April. The consensus is for a reading of 15.0, down from 16.4.
10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of 70, down from 71 in March. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM: Housing Starts for March.
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 1.262 million, down from the February rate of 1.288 million.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for March.
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 76.0%.
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 March (a leading indicator for commercial real estate).
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 244 thousand initial claims, up from 234 thousand the previous week.
8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of 26.0, down from 32.8.
10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.61 million SAAR, up from 5.48 million in February.
10:00 AM: Regional and State Employment and Unemployment (Monthly) for March 2017