US STOCKS-Futures higher after Home Depot results, data on tap
* Housing starts, CPI data due
* Home Depot climbs after earnings, outlook
* BHP Billiton falls after announcing spin-off, but no buyback
* Futures up: Dow 37 pts, S&P 2.75 pts, Nasdaq 7.25 pts
By Chuck Mikolajczak
NEW YORK, Aug 19 (Reuters) - U.S. stock index futures advanced modestly on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and ahead of data on inflation and the housing market.
* Dow component Home Depot gained 3.3 percent to $86.31 in premarket trade after the world's largest home improvement retailer reported earnings and revenue that topped Wall Street expectations and raised its full-year profit forecast.
* Investors will eye housing starts and the consumer price index data for July scheduled for release at 8:30 a.m. (1230 GMT). Housing starts are expected to show an increase to a seasonally adjusted annual 969,000 unit-pace versus the 893,000 pace in June. CPI is expected to show a 0.1 percent increase versus the 0.3 percent rise in the prior month.
* The S&P 500 closed at its highest level since July 28 to move within 1 percent of a record high and the Nasdaq finished at its highest since March 2000 on Monday, buoyed by increasing homebuilder confidence, a flurry of M&A activity and hopes for easing tensions in Ukraine. Continuación...