The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 12/01/11

Thursday, December 1, 2011

BuilderBytes' MetroIntelligence Economic Update for 12/01/11

Please click here to see the edition of BuilderBytes for 12/01/11 on the Web.

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

  • New home sales rise in October as prices decline
  • S&P Case-Shiller Index falls in September after five months of gains
  • FHFA shows housing prices up by 0.2% in 3Q2011 but down by 3.7% over the past year
  • Pending home sales jump in October
  • Consumer confidence improves in November, matching levels last seen in July 2011
  • 3rd Quarter 2011 Productivity Revised to 2.3%
  • Private-sector employment rises by 206,000 jobs in November
  • Planned layoffs in November remains mostly unchanged from previous month but down by 13% YOY
  • Mortgage applications decline in latest survey
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