Thursday:

• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to increase to 310 thousand from 302 thousand.

• At 10:00 AM, New Home Sales for June from the Census Bureau. The consensus is for a decrease in sales to 475 thousand Seasonally Adjusted Annual Rate (SAAR) in June from 504 thousand in May.

• At 11:00 AM, the Kansas City Fed manufacturing survey for July.

• During the day, the NMHC Quarterly Survey of Apartment Conditions.