Housing Fundamentals Too Weak, Even for Uncle Sam

By Barry Ritholtz - March 25th, 2010, 10:42AM

Source:
Govt. vs. the Market: Housing Fundamentals Too Weak, Even for Uncle Sam
Heesun Wee
Yahoo Tech Ticker, Mar 25, 2010 07:59am EDT

http://finance.yahoo.com/tech-ticker/govt.-vs.-the-market-housing-fundamentals-too-weak-even-for-uncle-sam-449382.html

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Macro Notes

4 week avg in Claims fall to lowest since Mar ’08
Peter Boockvar

Initial Jobless Claims for the week ended Feb 18th totaled 351k, 4k less than expected but the prior week was revised up by 3k to 351k. The 4 week average did fall to 359k from 366k, the lowest since Mar '08. Continuing Claims fell by 52k to the lowest since Aug '08. Also, Extended Benefits fell a net 69k. Bottom line, the data still points to a labor market that continues to improve however lumpy the process feels for many. ...

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