The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 6/22/12

Friday, June 22, 2012

BuilderBytes' MetroIntelligence Economic Update for 6/22/12

Please click here to see the edition of BuilderBytes for 6/22/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • June 2012 U.S. Economic and Housing Market Outlook
  • Existing home sales dip by 1.5% in May, reportedly due to limited supply of inventory
  • FHFA House Price Index up by 0.8% between March and April and by 3.0% over last year
  • Federal Reserve Open Market Committee issues latest economic projections, keeps interest rates at historic lows
  • Initial claims for unemployment fall by 2,000 in latest report
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