The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 12/22/11

Thursday, December 22, 2011

BuilderBytes' MetroIntelligence Economic Update for 12/22/11

Please click here to see the edition of BuilderBytes for 12/22/11 on the Web.

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

  • Both housing starts and permits rise sharply in November, largely on the strength of multi-family units
  • Sales of existing homes in November rise to ten-month high
  • Home builder confidence climbs to highest level since May 2010
  • Mortgage applications decline by 2.6% even as rates drop to new 2011 low
  • MBA study shows potential buyers ready to commit but seller sentiment remains negative
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