Investors will know if a better real estate market has translated to Americans feeling good about the nation's economic health. Consumer confidence, personal income and spending and Michigan sentiment will be released this week.
These reports will be closely watched, as they will shed light on whether consumers have pulled back as a result of the payroll tax and a delay in tax refunds.
A third estimate of U.S. gross domestic product in the fourth quarter will also be released this week. Economists surveyed by Briefing.com expect that the U.S. economy expanded by 0.3% in the last three months of 2012.
This would be a change from two earlier estimates. Last month, the Commerce Department reported that GDP, the broadest measure of the nation's economic growth, grew at an annual rate of 0.1% in the fourth quarter, after initially reporting that the economy contracted 0.1% in the period.