Thursday, August 21, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/21/14

Please click here to see the edition of BuilderBytes for 8/21/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Builder confidence in August rises to highest level since January
  • Housing starts staged rebound in July to highest level since November
  • Building permits in July up 8.1 percent over and June and 7.7 percent year-over-year
  • CPI edged up 0.1 percent in July; rose 2.0 percent in previous 12 months
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Tuesday, August 19, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/19/14

Please click here to see the edition of BuilderBytes for 8/19/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Producer Price Index rose just 0.1 percent in July; up 1.7 percent over previous 12 months
  • Empire State Manufacturing Survey still improving
  • Industrial production rose again in July; capacity at just 0.9 percent below long-term average
  • Consumer sentiment dips in August but confidence still at moderate positive levels
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, August 15, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/15/14

Please click here to see the edition of BuilderBytes for 8/15/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:
  • Initial unemployment claims rise 21,000 in latest report; 4-week average up just 2,000
  • Mortgage applications dip 2.7 percent in latest survey as rates remain flat
  • August FreddieMac outlook shows improving economic and housing conditions
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, August 14, 2014

August column for Builder & Developer magazine now online

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

For this issue, entitled "Second Quarter 2014 Economic Update," I wanted to focus on just how the new Fed Chair Janet Yellen is addressing the U.S. economy as well as how the economy performed in the second quarter of 2014.  An excerpt:
From Yellen’s financial perch, this collection of indices means that the U.S. economy, although slowly improving, is still too fragile to thrive without the Fed’s near-zero-rate training wheels. Consequently, it could be well into 2015 before we start to see interest rate hikes from the Federal Reserve.

Despite the perceived fragility of the recovery, the recent robust level of hiring has been more sustainable than it has in years. By including June’s 288,000 increase and factoring in upward revisions for estimated hiring in April and May, employers added an average of 231,000 workers a month in the first half of 2014 -- the best six-month run since the spring of 2006... 
To read the entire column, click here.

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

BuilderBytes' MetroIntelligence Economic Update for 8/14/14

Please click here to see the edition of BuilderBytes for 8/14/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Job openings rise slightly to 4.7 million in June
  • Productivity rose by 2.5 percent in 2Q 2014
  • Retail sales mostly flat in July
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, August 12, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/12/14

Please click here to see the edition of BuilderBytes for 8/12/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Productivity rebounded sharpy by 2.5 percent during 2Q 2014
  • Wholesale inventories rose less than expected in June but still up over previous year
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, August 8, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/8/14

Please click here to see the edition of BuilderBytes for 8/8/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:
  • Initial unemployment claims dip by 14,000; 4-week average at lowest level since late February 2006
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Thursday, August 7, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/7/14

Please click here to see the edition of BuilderBytes for 8/7/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Service sector economy rating at highest level since January 2008
  • Mortgage applications rise by 1.6 percent in latest survey, 30-year rates rise sharply
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, August 5, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/5/14

Please click here to see the edition of BuilderBytes for 8/5/14 on the Web.

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

  • July job growth rose to 209,000 as unemployment hit 6.2 percent
  • Construction spending fell in June, mostly due to government projects
  • Manufacturing sector expanded for 14th consecutive month in June
  • Personal income and spending both rose in June
  • Consumer sentiment dipped in July but household finances improving
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, August 1, 2014

BuilderBytes' MetroIntelligence Economic Update for 8/1/14

Please click here to see the edition of BuilderBytes for 8/1/14 on the Web.


In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Planned job cuts jumped in July largely due to Microsoft layoffs
  • Initial unemployment claims rise in latest report, but 4-week average lowest since April 2006
  • Compensation costs rose 0.7 percent for 3-month period ending in June
  • Mortgage applications fall 2.2 percent in latest report as rates remain unchanged
  • Federal Reserve votes to keep interest rates at current levels, end QEIII with October meeting
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.