The Census Bureau will release March data on housing starts and building permits at the bottom of the hour.
Economists forecast that housing starts fell 1.1% at a seasonally adjusted annual rate of 1.166 million, according to Bloomberg.
Building permits are expected to have increased 2% at an annualized pace of 1.2 million.
"We are looking for slight gains in both series, led by the multi-family sector," Deutsche Bank economists wrote in a preview. "Going forward, we are projecting residential construction gains in the high-single to low-double digits.
"Residential construction will remain a relative bright spot in what has been a historically weak economic expansion."