The key reports this week are December housing starts and existing home sales.
For manufacturing, the January NY and Philly Fed manufacturing surveys will be released.
—– Tuesday, January 18th —–
8:30 AM: The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 26.0, down from 31.9.
10:00 AM: The January NAHB homebuilder survey. The consensus is for a reading of 84, unchanged from 84 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.
—– Wednesday, January 19th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.655 million SAAR, down from 1.679 million SAAR.
During the day: The AIA’s Architecture Billings Index for December (a leading indicator for commercial real estate).
—– Thursday, January 20th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 230 thousand initial claims.
8:30 AM: the Philly Fed manufacturing survey for January. The consensus is for a reading of 23.0, up from 15.4.
The graph shows existing home sales from 1994 through the report last month.
—– Friday, January 21st —–
No major economic releases are scheduled.