The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 2/25/13

Monday, February 25, 2013

BuilderBytes' MetroIntelligence Economic Update for 2/25/13

Please click here to see the edition of BuilderBytes for 2/25/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Producer Price Index rises by 0.2% in January; overall inflation remains subdued
  • CPI unchanged in January as inflation remains low, rising by just 1.6% over previous 12 months
  • Philadelphia Fed's Business Outlook Survey dips for second consecutive month, but future activity indicators rise
  • Mortgage applications dip for both new purchases and refinances as rates edge higher
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