The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 4/27/12

Friday, April 27, 2012

BuilderBytes' MetroIntelligence Economic Update for 4/27/12

Please click here to see the edition of BuilderBytes for 4/27/12 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Pending home sales rise in March as housing market continues to signal a recovery
  • Fed upgrades economic outlook, still plans on keeping interest rates low through late 2014
  • Durable goods orders fall as shipments and inventories continue to rise
  • Overall mortgage applications dip in latest survey even as new purchase loan demand increases
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