The S&P 500 futures currently trade four points below fair value.
Housing starts increased 5.2% month-over-month in July to a seasonally adjusted annual rate of 1.428 million units (Briefing.com consensus 1.311 million).
Building permits decreased 2.9% month-over-month to a seasonally adjusted annual rate of 1.354 million (Briefing.com consensus 1.390 million).