Friday, July 15, 2016

BuilderBytes' MetroIntelligence Economic Update for 7/15/16

Please click here to see the edition of BuilderBytes for 7/15/16 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Producer Price Index rose 0.5 percent in June, up 0.3 percent over previous 12 months
  • Federal Reserve Beige Book shows modest expansion from mid-May through late June
  • Job openings slid nearly six percent in May
  • Wholesale inventories rose just 0.1 percent in May as car dealers held off on new inventory
  • Mortgage applications rise 7.2 percent in latest survey as rates dip further
  • Initial unemployment claims largely unchanged in most recent report
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