The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 5/21/12

Monday, May 21, 2012

BuilderBytes' MetroIntelligence Economic Update for 5/21/12

Please click here to see the edition of BuilderBytes for 5/21/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Leading indicators drop by 0.1% in April as rebound remains slow but choppy
  • Philadelphia Fed reports slowing growth in mid-Atlantic states in May
  • Initial unemployment claims unchanged from previous week at 370,000
  • Federal Reserve minutes show continued commitment to keeping interest rates near zero through late 2014
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