This report updates the Commerce Department’s monthly new home sales data, weekly employment data, and the weekly mortgage applications index. We are beginning to see confirmation of the expected collapse in the wake of the ending of the housing tax credits. No one on Wall Street should have been surprised, yet most apparently were. Now that we have seen the impact in the new home sales, the next shoe to drop will be the NAR’s pending home sales data for May, and existing home sales data for July. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.