An important question in circle dynamics is regarding the absolute continuity of an invariant measure. We will consider orientation preserving circle homeomorphisms with break points, that is, maps that are smooth everywhere except for several singular points at which the first derivative has a jump. It is well known that the invariant measures of sufficiently smooth circle diffeomorphisms are absolutely continuous w.r.t. Lebesgue measure. But in the case of homeomorphisms with break points the results are quite different. We will discuss conjugacies between two circle homeomorphisms with break points. Consider the class of circle homeomorphisms with one break point $b$ and satisfying the Katznelson-Ornsteins smoothness condition i.e. $Df$ is absolutely continuous on $[b, b + 1]$ and $D^2f \in L^p(S^1, dl)$, $p > 1$. We will formulate some results concerning the renormalization behavior of such circle maps.