The Business Week Ahead...

Housing is the week's theme, led by the housing market index on Monday and the latest update from home builders who, despite uneven pricing and lack of supply, have been enjoying some of the best conditions in the economy. Housing starts & permits follow on Tuesday with both expected to post gains. FHFA house prices, however, are not expected to show much strength as year-on-year growth for this index struggles at the 6 percent line. Taking Thursday's focus will be jobless claims which have been surprisingly low and will cover the sample week of the monthly employment report.