Thursday, June 30, 2016

BuilderBytes' MetroIntelligence Economic Update for 6/30/16

Please click here to see the edition of BuilderBytes for 6/30/16 on the Web.

In this issue of the MetroIntelligence Economic Update, we covered the following indicators:
  • Pending home sales dipped in May year-on-year for the first time in almost two years
  • Case-Shiller Index rose 5.0 percent year-on-year and 1.0 percent from March
  • First quarter GDP growth revised up to 1.1 percent in third and final estimate
  • Consumer sentiment dips in June, but no recession is anticipated
  • Durable goods orders fell sharply in May, mostly due to lower defense aircraft demand
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