May’s disappoint jobs data could lead to poor housing starts report to be released Thurs. June 16th, 2011 at 8:30AM ET. Of the contracts available, Las Vegas has the highest unemployment rate at 12.1%. How will the statisticians play with the numbers? No one knows and we may be in for a surprise. The market won’t be surprised with further downtrend. How much of that is already priced in? No on really knows but we can’t assume that it’s already fully-priced in.
RELEASE SOURCE: http://www.census.gov/const/www/newresconstindex.htm