The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 10/3/2011

Monday, October 3, 2011

BuilderBytes' MetroIntelligence Economic Update for 10/3/2011

Please click here to see the edition of BuilderBytes for 10/3/2011 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

  • Pending home sales dip in August but still higher than a year ago
  • Initial unemployment claims fall to lowest level since April 2011
  • Second quarter 2011 GDP growth rate estimated at 1.3%, up from 0.4% in the first quarter 2011
  • Personal income falls while personal spending continues to rise
  • Although consumer sentiment improves slightly, respondents will expect economic stagnation

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