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The re-opening of businesses in Georgia, South Carolina and Tennessee, starting this week and expanding next week, comes as the rate of increase of confirmed Covid-19 infections in these states remains much faster than in European countries where lockdowns have started to ease.
The path of new home sales over the past couple of years has followed the mortgage applications numbers quite closely.
We fully expect to see the third straight decline in initial jobless claims in today's report for the week ended April 18.
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