Friday, April 18, 2014

Builder confidence and housing starts up while building permits dip from February


Although these types of news items are generally covered in the MetroIntelligence Economic Update portion of BuilderBytes, due to some technical errors these stories were not included in today's version.  Look for them in next Tuesday's edition.  Not a subscriber to the free BuilderBytes e-newsletter?  Click here to subscribe!

Builder confidence rose one point to 47 in April
Builder confidence in the market for newly built, single-family homes rose one point to 47 in April from a downwardly revised March reading of 46.  Headwinds include ongoing tight credit conditions for home buyers and  the fact that builders in many markets are facing a limited availability of lots and labor.

March housing starts up by 2.8 percent from February but down 5.9 percent over past year
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but is 5.9 percent below the March 2013 rate of 1,005,000.

March building permits down by 2.4 percent from February but up 11.2 percent over last year
Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 990,000. This is 2.4 percent below the revised February rate of 1,014,000, but is 11.2 percent above the March 2013 estimate of 890,000.

BuilderBytes' MetroIntelligence Economic Update for 4/18/14


Please click here to see the edition of BuilderBytes for 4/18/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:
  • Mortgage loan applications rise by 4.3 percent in latest survey mostly due to refinances
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com

Tuesday, April 15, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/15/14

Please click here to see the edition of BuilderBytes for 4/15/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • March retail sales rose more than forecast due to pent-up demand
  • Consumer confidence rises more than expected in April
  • Wholesale sales and inventories both rose in February
  • Producer Price Index up by 0.5 percent in March and 1.4 percent over the 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, April 11, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/11/14


Please click here to see the edition of BuilderBytes for 4/11/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Initial unemployment claims dip to 300,000, the lowest level since May 2007
  • Federal Reserve March meeting notes shows policy split among its members
  • Pace of wholesale inventory increase slowed in February but in line with expectations
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

Thursday, April 10, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/10/14

Please click here to see the edition of BuilderBytes for 4/10/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Job openings rose by 7.7 percent in February
  • Overall mortgage loan applications fall in latest survey; purchase loans still increase
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, April 8, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/8/14

Please click here to see the edition of BuilderBytes for 4/8/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Total jobs lost during Great Recession finally regained in March
  • Consumer credit in February rose at the highest pace in a year
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, April 4, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/4/14


Please click here to see the edition of BuilderBytes for 4/4/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Planned job cuts continue to decline as economy improves
  • Initial unemployment claims rise by 16,000 in latest report
  • Service sector economy improved in March despite winter weather impacts
  • Mortgage applications dip by 1.5 percent in latest survey even as purchase loans increase
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
 
Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

Thursday, April 3, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/3/14

Please click here to see the edition of BuilderBytes for 4/3/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Construction spending rose by 0.1% in February
  • Manufacturing sector continued to grow in March for the 10th straight month
  • Private sector jobs grew by 191,000 in February, about 10 percent below expectations
  • Factory orders rebounded more than expected in February
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Tuesday, April 1, 2014

BuilderBytes' MetroIntelligence Economic Update for 4/1/14

Please click here to see the edition of BuilderBytes for 4/1/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Consumer confidence remained unchanged in March despite difficult winter weather
  • Personal income and spending both rise in February
  • Chicago PMI fell sharply in March
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Friday, March 28, 2014

BuilderBytes' MetroIntelligence Economic Update for 3/28/14


Please click here to see the edition of BuilderBytes for 3/28/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Pending home sales declined for 8th straight month in February
  • 4Q 2013 GDP grew by 2.6 percent in third and final estimate
  • Initial unemployment claims fall by 10,000 in latest report
  • Mortgage applications dip by 3.5 percent in latest survey due to fewer refinancings
Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.
Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.