The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 2/17/12

Friday, February 17, 2012

BuilderBytes' MetroIntelligence Economic Update for 2/17/12

Please click here to see the edition of BuilderBytes for 2/17/12 on the Web.

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

  • Builder confidence rises for fifth consecutive month in February
  • Housing starts in January up by 9.9% from previous year; building permits rise by 19.0%
  • Philadelphia Fed: Firms see expansion in manufacturing activity
  • Latest Federal Reserve meeting minutes show lesser support for QE3
  • Industrial production flat in January; manufacturing rises by 0.7% as capacity utilization declines
  • Producer Price Index (PPI) rises by 0.1% in January; core PPI up by 0.4%
  • Empire State Manufacturing Survey shows continued growth in February
  • Mortgage applications fall by 1% in latest survey
  • Initial unemployment claims drop by 13,000 to 348,000 in latest survey

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