The latest data on housing starts and building permits will drop at 8:30 a.m. ET.
Economists expect that starts rose 9.6% in April to an annualized pace of 1.01 million, according to Bloomberg.
They expect that building permits rose 2.1% to an annualized pace of 1.06 million.
Last month, the data showed a big miss in March starts. The pace of starts climbed just 2.0% to an annualized rate of 926,000 units — well below the 1.04 million units expected.
On Monday, the National Association of Homebuilders’ index that measures sentiment showed a drop below expectations to 54 in May.
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