by Calculated Risk on 7/15/2017 08:11:00 AM

The key economic report this week is June Housing Starts on Wednesday.

For manufacturing, the July New York and Philly Fed manufacturing surveys, will be released this week.

----- Monday, July 17th -----
8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of 15.0, down from 19.8.

----- Tuesday, July 18th -----
10:00 AM: The July NAHB homebuilder survey. The consensus is for a reading of 68, up from 67 in June. Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Wednesday, July 19th -----
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 June. The consensus is for 1.170 million SAAR, up from the May rate of 1.092 million.

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.

During the day: The AIA's Architecture Billings Index for June (a leading indicator for commercial real estate).

----- Thursday, July 20th -----
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 245 thousand initial claims, down from 247 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for July. The consensus is for a reading of 23.5, down from 27.6.

----- Friday, July 21st -----
10:00 AM: Regional and State Employment and Unemployment (Monthly) for June 2017