The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 12/26/11

Monday, December 26, 2011

BuilderBytes' MetroIntelligence Economic Update for 12/26/11

Please click here to see the edition of BuilderBytes for 12/26/11 on the Web.

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

  • New home sales rise to 7-month high as inventory falls to 5.5-month low in November
  • Third quarter GDP revised to 1.8% in third estimate from the BEA
  • FHFA Housing Price Index Down by 2.8% YOY in October, Nearly Matching February 2004 Levels
  • Initial unemployment claims fall again in latest survey
  • Leading Economic Index rises by 0.5% in November
  • Univ. of Michigan report shows improving consumer sentiment but political deadlock hurts consumer spending
  • Personal income and consumer spending post modest gains in November
  • Durable goods orders rise in November, but core demand remains weak
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