Tuesday, September 30, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/30/14

Please click here to see the edition of BuilderBytes for 9/30/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • 2Q 2014 GDP grew by 4.6 percent in third and final estimate, up from 4.2 percent in second estimate
  • Pending home sales slowed by 1.0 percent in August but remain at second-highest level over last year
  • Consumer confidence enjoys healthy gain in September to highest level in last seven years
  • Initial unemployment claims rise by 12,000 in latest report
  • Overall durable goods orders plunge in August, but orders for machinery points to improving economy
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, September 25, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/25/14

Please click here to see the edition of BuilderBytes for 9/25/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • New home sales surged in August to highest level in more than six years
  • July FHFA House Price Index up 4.4 percent year-over-year on eighth consecutive monthly increase
  • Mortgage applications fall 4.1 percent in latest survey as rates rise to highest level since May 2014
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, September 23, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/23/14

Please click here to see the edition of BuilderBytes for 9/23/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Existing home sales dipped in August as cash buyers retreat
  • Leading Economic Index rose 0.2 percent in August
  • Philadelphia Fed's September Business Outlook Survey improves again
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, September 19, 2014

September column for Builder & Developer magazine now online

My column for the September 2014 issue of Builder and Developer magazine is now posted online.

For this issue, entitled "The Politics of Drought," I wanted to review the current state of the extreme drought impacting the western U.S. and how the building industry is adapting to it. An excerpt:

"...there are some important differences between this event and the last major drought to hit California in 1976-77, in which the state’s reservoirs plummeted to 41 percent of average. On the demand side, although the state’s population has doubled since the last drought, per-capita water use has also dropped with the use of new water management technologies. It was actually the drought of 1987-92 which marked the beginning of modern water-use practices, including more efficient use of water for agricultural which made more growth in the cities possible...

On the supply side, new homes are actually exponentially more efficient than older ones, especially those with water-hogging plumbing fixtures. According to a report commissioned by the CBIA, an average three-bedroom home with four occupants built today uses 29,000 fewer gallons of water than smaller homes built in 2005..."


To read the entire column, click here.


To read the entire September 2014 issue in digital format, click here.

BuilderBytes' MetroIntelligence Economic Update for 9/19/14

Please click here to see the edition of BuilderBytes for 9/19/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • August building permits fell by 5.6 percent from Muly but still up 5.3 percent year-over-year
  • August housing starts dipped by 14.4 percent from July but still up 8.0 percent year-over-year
  • Initial unemployment claims fall by 36,000 in latest report
  • Mortgage applications rise by 7.9 percent in latest survey even as rates rise to highest level since June 2014
  • Federal Reserve plans for keep interest rates at current levels for considerable time, will end QEIII next month
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, September 18, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/18/14

Please click here to see the edition of BuilderBytes for 9/18/14 on the Web.

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

  • Builder confidence rises to 59, or highest level since November 2005
  • CPI fell 0.2 percent in August but still up 1.7 percent over previous 12 months
  • Producer Price Index unchanged in August but up 1.8 percent over previous 12 months
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, September 16, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/16/14

Please click here to see the edition of BuilderBytes for 9/16/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Retail sales rose strongly in August, July figure revised to small gain
  • Consumer sentiment index for mid-September rises to highest reading since July 2013
  • Business inventories rose 0.4 percent in July as sales increased 0.8 percent
  • Empire State Manufacturing Survey shows robust expansion in September
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, September 12, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/12/14

Please click here to see the edition of BuilderBytes for 9/12/14 on the Web.


In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Initial unemployment claims rise by 11,000 in latest report, but 4-week average up by just 750
  • August home prices rose 7.8 percent year-over-year and 1.0 percent from previous month
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, September 11, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/11/14

Please click here to see the edition of BuilderBytes for 9/11/14 on the Web.

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

  • Consumer credit soared in July with biggest jump since November 2001
  • Job openings remained near 13-year high in July as hiring also picked up
  • Wholesale inventories rose by just 0.1 percent in July
  • Mortgage applications fall to lowest level since December 2000 in most recent survey
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, September 9, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/9/14

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

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Business productivity rose by 2.3 percent in 2Q 2014 as output increased by 5.0 percent
  • Manufacturing sector continued to grow in July
  • Initial unemployment claims rise by 4,000 in latest report
  • Mortgage applications rise by 0.2 percent in latest survey as rates dip to lowest level since June 2013
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.