The key reports this week are April Housing Starts and Existing Home Sales.
For manufacturing, the May NY and Philly Fed manufacturing surveys will be released.
—– Monday, May 17th —–
8:30 AM: The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 23.9, down from 26.3.
10:00 AM: The May NAHB homebuilder survey. The consensus is for a reading of 83 unchanged from 83 last month . Any number above 50 indicates that more builders view sales conditions as good than poor.
This graph shows single and total housing starts since 1968.
The consensus is for 1.710 million SAAR, down from 1.739 million SAAR in March.
—– Wednesday, May 19th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
2:00 PM: FOMC Minutes, Meeting of April 27-28, 2021
—– Thursday, May 20th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 460 thousand from 473 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for May. The consensus is for a reading of 43.2, down from 50.2.
The graph shows existing home sales from 1994 through the report last month.
10:00 AM: State Employment and Unemployment (Monthly) for April 2021