The latest data on housing starts and building permits will be out at 8:30 a.m. ET.
Economists expect that housing starts rose 3.3% to 1.125 million and that building permits rose 5.5% to 1.135 million in April.
Last month, housing starts fell 8.8% at a seasonally adjusted rate of 1.089 million, while building permits fell 7.7% at an annualized pace of 1.086 million.
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