The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 7/23/12

Monday, July 23, 2012

BuilderBytes' MetroIntelligence Economic Update for 7/23/12

Please click here to see the edition of BuilderBytes for 7/23/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Leading Indicator Index fell by 0.3% in July following 0.4% rise in May
  • Federal Reserve Beige Book reports modest expansion and improvement in housing markets
  • Initial unemployment claims rise by 34,000 in latest survey
  • Philadelphia Fed's July Business Outlook Survey continues to report weak conditions
  • Existing home sales fell in June as prices rose due to fewer distressed homes available
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