The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 6/15/12

Friday, June 15, 2012

BuilderBytes' MetroIntelligence Economic Update for 6/15/12

Please click here to see the edition of BuilderBytes for 6/15/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • 80 metros listed as improving markets in June
  • May retail sales dip 0.2% from April but 5.3% above same month of 2011
  • Business inventories rise to record high, largely due to dealers stocking new cars
  • Producer Price Index falls by biggest one-month drop in nearly three years
  • Mortgage applications rise to highest level since May of 2009
  • Initial unemployment claims rise by 6,000 in latest report
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