Brutal new home sales numbers and MBA purchase application numbers. The price indices (Case-Shiller, Corelogic) are going to get smoked in the January-May timeframe. I hope Congress doesn't take this as a reason to throw more money at the housing market, but they probably will. The way I see it, this is just more evidence of the futility of the government's attempts prop up house prices. If house prices drop, we will get out of this mess faster.
This data now gives us reason to believe that residential investment as a percentage of GDP might not have bottomed out yet, which would indicate that unemployment hasn't peaked.
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