From the monthly archives:
It’s pending home sales day again. This time, the National Association of Realtors is providing data on pending sales
activity for March. What did the numbers show?
* Pendings dropped 1% in March, right in line with the forecast for a 1% decline. February’s reading was revised lower,
however — to -2.8% from the previously reported 1.9% decline.
* [...]
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In another sign of continuing fallout from the housing downturn, Home Depot is out this
morning with some news. The home
improvement retailer said it is:
* Shutting 15 U.S. locations, a move that affects 1,300 workers (some of whom will be offered work at other locations).
The move will result in a $186 million charge. The locations are [...]
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There’s a lot of economic data to digest today. So I’ll try to just hit on the major points:
* Both initial and continuing jobless claims rose in the most recent week. Initial filings were up 35,000 to 380,000
while continuing claims topped the 3 million mark. At 3.019 million, they are the highest since April 2004.
* [...]
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