The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 3/02/12

Friday, March 2, 2012

BuilderBytes' MetroIntelligence Economic Update for 3/02/12

Please click here to see the edition of BuilderBytes for 3/02/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Annual rate of construction spending in January rises by 7.1% over same month of 2011
  • Fourth quarter 2011 GDP rises from 2.8% to 3.0% in second estimate
  • Personal income and spending inch up in January
  • Federal Reserve "Beige Book" shows continued economic growth in January and early February
  • Chicago PMI rises to highest level in 10 months
  • Mortgage applications remain flat, dipping just 0.3% in latest survey

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