Tuesday, October 21, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/21/14

Please click here to see the edition of BuilderBytes for 10/21/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • September housing starts up 6.3 percent from August and 17.8 percent year-over-year, exceeding estimates
  • September building permits up 1.5 percent form August and 2.5 percent year-over-year
  • Consumer sentiment unexpectedly rises in October to highest level since July 2007
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, October 17, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/17/14

Please click here to see the edition of BuilderBytes for 10/17/14 on the Web.


In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Builder confidence falls five points to 54 after four straight months of gains
  • Philadelphia Fed's October Business Outlook Survey growth positive but down from previous month
  • Industrial production rose 1.0 percent in September and 3.2 percent in 3Q 2014
  • Initial unemployment claims dip again to lowest level since 2000
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, October 16, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/16/14

Please click here to see the edition of BuilderBytes for 10/16/14 on the Web.

In a separate issue of the MetroIntelligence Economic Update, I covered the following indicators:
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, October 14, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/13/14

Please click here to see the edition of BuilderBytes for 10/13/14 on the Web.

Want to advertise in the newsletter and reach over 130,000 readers?

Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, October 10, 2014

Thursday, October 9, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/9/14

Please click here to see the edition of BuilderBytes for 10/9/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • There were 4.8 job openings on the last business day of August, up from 4.6 million in July
  • Consumer credit use rose in August at slower pace as credit card use declined
  • Mortgage applications rise by 3.8 percent in latest survey as rates decline
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, October 7, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/6/14


Please click here to see the edition of BuilderBytes for 10/6/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Payrolls grew by 248,000 in September as unemployment fell below 6.0 percent
  • Job cuts in September fall to lowest level in 14 years
  • Private sector job market reports six straight month of gains over 200,000
  • Initial unemployment claims fall by 8,000 in latest report
  • New factory goods orders plunged in August but were flat minus transportation sector
  • Mortgage applications remain essentially flat in latest report as rates slide
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, October 3, 2014

Job growth rose 248,000 in September as unemployment rate dipped to 5.9 percent

According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, with most of the gains in professional and business services, retail trade, and health care.

Over the year, the unemployment rate and the number of unemployed persons were down by 1.3 percentage points and 1.9 million, respectively...

The change in total nonfarm payroll employment for July was revised from +212,000 to +243,000, and the change for August was revised from +142,000 to +180,000. With these revisions, employment gains in July and August combined were 69,000 more than previously reported...

Among the major worker groups, unemployment rates declined in September for adult men (5.3 percent), whites (5.1 percent), and Hispanics (6.9 percent). The rates for adult women (5.5 percent), teenagers (20.0 percent), and blacks (11.0 percent) showed little change over the month. The jobless rate for Asians was 4.3 percent (not seasonally adjusted), little changed from a year earlier...

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job...

In September, construction employment continued on an upward trend (+16,000). Within the industry, employment in residential building increased by 6,000. Over the year, construction has added 230,000 jobs...

Average hourly earnings for all employees on private nonfarm payrolls, at $24.53, changed little in September (-1 cent). Over the year, average hourly earnings have risen by 2.0 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $20.67.

Click here to read the full summary online.

BuilderBytes' MetroIntelligence Economic Update for 10/3/14

Please click here to see the edition of BuilderBytes for 10/3/14 on the Web.


In this separate issue of the MetroIntelligence Economic Update, I covered the following indicators:
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, October 2, 2014

BuilderBytes' MetroIntelligence Economic Update for 10/2/14

Please click here to see the edition of BuilderBytes for 10/2/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

  • S&P/Case-Shiller Indices show marked slowdown in price increases through July
  • Construction spending falls 0.8 percent in August due to pullback in non-housing and public investments
  • Consumer confidence retreats in September following four months of gains
  • Personal income and spending both rise in August as savings rate dipped
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.