The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 8/20/12

Monday, August 20, 2012

BuilderBytes' MetroIntelligence Economic Update for 8/20/12

Please click here to see the edition of BuilderBytes for 8/20/12 on the Web.

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

  • July housing starts down by 1.1% from June but 21.5% above July of 2011
  • July building permits up by 6.8% since June and by 29.5% from July of 2011
  • Leading Economic Index rose by 0.4% in July following similar decline in June
  • Consumer sentiment unexpectedly improves in August
  • Philadelphia Fed's Business Outlook Survey increases slightly from July
  • Initial unemployment claims rise by 2,000 in latest report
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