Economic Preview: Housing Starts Data Due Out On Tuesday, Monday, June 18, 2007 4:09:32 PM

Tuesday will see the release of one of the few major economic reports due out this week. The data will provide information about the health of the housing markets, a key focus of economic forecasters lately.

At 8:30 am Eastern Time, the government will announce statistics on housing starts for May. This measures initial home construction for the month, helping economists guess what the housing market will look like down the road. Economists expect the measure to deteriorate from April`s reading, which showed an annual rate of 1.528 million units.

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