The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 7/10/13

Wednesday, July 10, 2013

BuilderBytes' MetroIntelligence Economic Update for 7/10/13

Please click here to see the edition of BuilderBytes for 7/10/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • May construction spending up by 0.5% from April and 5.4% from May 2012
  • Payroll jobs rose by 195,000 in June; total gains for April and May revised up by 70,000
  • Private sector jobs rose by 188,000 from May to June
  • Planned job cuts rose slightly in June but overall pace declining
  • Initial unemployment claims fall by 5,000 in latest report
  • Mortgage applications dip as rates rise, especially for refinances
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