The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 7/13/12

Friday, July 13, 2012

BuilderBytes' MetroIntelligence Economic Update for 7/13/12


Please click here to see the edition of BuilderBytes for 7/13/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Federal Reserve meeting minutes suggest more action warranted if economy weakens
  • Wholesale sales in May up by 5.7% from same month of 2011; inventories up by 6.4%
  • Initial unemployment claims fall by 26,000 in latest report
  • Mortgage applications fall by 2.1% although purchase loans rise by 3% in latest survey
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