The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 1/27/12

Friday, January 27, 2012

BuilderBytes' MetroIntelligence Economic Update for 1/27/12

Please click here to see the edition of BuilderBytes for 1/27/12 on the Web.

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

  • New home sales fall slightly from November to end worst year on record; inventory just 6.1 months at current sales rates
  • Pending home sales ease in December but still above year-ago levels
  • Federal Reserve Open Market Committee opts to keep rates low through at least late 2014
  • FHFA house price index rose by 1% in November but still down 18.8% from its April 2007 peak
  • Durable goods orders surge for second consecutive month in December
  • Economy continuing to improve according to Leading Indicator Index
  • Mortgage applications fall by 5% in latest survey
  • Initial unemployment claims rise by 21,000 in most recent survey

Want to advertise in the newsletter and reach over 100,000 readers? Contact National Sales Manager Nick Cosan at

Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at

No comments: