The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 11/17/2011

Thursday, November 17, 2011

BuilderBytes' MetroIntelligence Economic Update for 11/17/2011

Please click here to see the edition of BuilderBytes for 11/17/2011 on the Web.

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

  • Builder confidence rises to highest level since May of 2010
  • October retail sales rise more than expected based on strength in sales of cars & electronics
  • Producer price index falls more than expected in October
  • Empire State Manufacturing Survey rebounds after five months of consecutive losses
  • Business inventories for September remain flat as sales rise
  • Consumer price index falls unexpectedly in October
  • Industrial production rises more than forecast
  • Mortgage applications decline, led by fewer refinancings
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