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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