The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 6/10/13

Monday, June 10, 2013

BuilderBytes' MetroIntelligence Economic Update for 6/10/13

Please click here to see the edition of BuilderBytes for 6/10/13 on the Web.

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

  • Payroll employment rose by 175,000 in May as unemployment rate remained unchanged
  • Consumer credit use rose by 5.75% in April, less than forecast
  • Service sector rose slightly faster than manufacturing in May
  • Fed's Beige Book shows 'modest to moderate' growth, Texas 'strong'
  • Mortgage applications fall by 11.5% in latest survey as rates spike
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