Today it was reported on (CNBC) that jobless claims have dropped to the lowest point in 15 years. This is good news for the housing market. In other news, (Reuters) reported homeownership dropped in the first quarter to the lowest level in 25 years. Although this is a negative news about housing the silver lining is house hold formation rose by 1.5 million in the first quarter as compared to the same period in 2014. This should mean better times for housing going forward. Housing has a big influence on consumer spending, as we have seen in the last few years. With housing continuing to strengthen we should see a growing economy as well.