Challenger reports layoffs at a 10-year low, an odd signal given other recent labor market indicators.

Consumer confidence edged higher despite weaker equity prices and a rise in jobless claims.

Downward revisions to second quarter GDP were less severe than feared and are even supportive of future growth.

While the latest week's decline is positive, jobless claims indicate a weak U.S. labor market.

The end of the tax stimulus, a weak job market, and competition from distressed homes are hitting new-home sales hard.