Thursday, July 2, 2015

BuilderBytes' MetroIntelligence Economic Update for 7/2/15

Please click here to see the edition of BuilderBytes for 7/2/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Construction spending surged to 6.5-year high in May
  • Case-Shiller Index showed both composite indices rising 4.6 to 4.9 percent in April
  • Private sector jobs grew by 237,000 from May to June
  • Job cuts rose 10 percent in June
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, June 26, 2015

BuilderBytes' MetroIntelligence Economic Update for 6/26/15


Please click here to see the edition of BuilderBytes for 6/26/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Initial unemployment claims rise by 3,000 in latest report
  • Personal income rose 0.5 percent in May as spending rose 0.9 percent
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, June 25, 2015

BuilderBytes' MetroIntelligence Economic Update for 6/25/15


Greetings from PCBC 2015 in San Diego!

Please click here to see this special  Thursday edition of BuilderBytes for 6/25/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:
  • First quarter GDP still declined by 0.2 percent in third and final estimate
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Wednesday, June 24, 2015

PCBC: Where are the first-time buyers?


Attending PCBC in San Diego this year?

Be sure to check out a panel discussion I'll be leading on Thursday, June 25th from 2:30-3:30pm in Rooms 30A-E at the San Diego Convention Center.

Panelists will include Tim Costello (CEO, BDX/BuilderHomesite), Mike Taylor (Division President for Inland Empire, Pardee Homes) and Mike Surges (National Strategic Alliance Manager, iMortgage).

Hope to see you there!




BuilderBytes' MetroIntelligence Economic Update for 6/24/15


Greetings from PCBC 2015 in San Diego!

Please click here to see this special Wednesday edition of BuilderBytes for 6/24/15 on the Web.


In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • April new home sales up 2.2 percent from April and by nearly 20 percent year-over-year
  • April FHFA House Price Index rose 0.3 percent from March and 5.3 percent year-over-year
  • Total durable goods orders dipped 1.8 percent in May but non-aircraft orders rose 0.5 percent
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, June 23, 2015

BuilderBytes' MetroIntelligence Economic Update for 6/23/15

Please click here to see the edition of BuilderBytes for 6/23/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Existing home sales jumped in May as more first-time buyers enter the marketplace
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, June 19, 2015

BuilderBytes' MetroIntelligence Economic Update for 6/19/15


Please click here to see the edition of BuilderBytes for 6/19/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Leading Economic Index jumped 0.7 percent in May for second straight month
  • CPI rose 0.4 percent in May but unchanged over previous 12 months
  • Philadelphia Fed's Business Outlook Survey shows  improvement in June
  • Unemployment claims fall by 12,000 in latest report
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, June 18, 2015

BuilderBytes' MetroIntelligence Economic Update for 6/18/15

Please click here to see the edition of BuilderBytes for 6/18/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Housing starts dipped 11.1 percent in May but still up 5.1 percent year-over-year
  • Building permits rose 11.8 percent in May and up 25.4 percent year-over-year
  • Empire State Manufacturing Survey shows softening business conditions in June
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, June 16, 2015

BuilderBytes' MetroIntelligence Economic Update for 6/16/15

Please click here to see the edition of BuilderBytes for 6/16/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Builder confidence rises to 59 in June, its highest level in nine months
  • PPI rose 0.5 percent in May but down 1.1 percent over previous 12 months
  • Consumer sentiment rises more than expected in June
  • Industrial production fell 0.2 percent in May as capacity still remains below long-run average
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Monday, June 15, 2015

Standard Pacific and Ryland to merge

In a bid to take advantage of an improving housing market, public builders Standard Pacific Homes and Ryland Group have announced a merger, with the combined company owning or controlling 74,000 lots in 17 states.

From an L.A. Times article:
The merger would enable the new operation to save $50 million to $70 million a year, the companies said in a news release issued late Sunday. The combination would increase their geographic reach and ability to construct homes at a variety of price levels, from starter homes to luxury models...
When tallied together, the two companies build houses in 20 of the nation's top 25 metropolitan areas and are among the top five builders in 15 of those areas...
 To read the entire article, click here.