The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 9/5/12

Wednesday, September 5, 2012

BuilderBytes' MetroIntelligence Economic Update for 9/5/12

Please click here to see the edition of BuilderBytes for 9/5/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Home prices in July rise by fastest rate since 2006
  • Construction spending falls by 0.9% from June but still 9.3% above same month of 2011
  • Manufacturing sector dips for third time since July 2009 but overall economy continues to grow
  • Factory orders rose by 2.8% in July, inventories up by 0.5%
  • Consumer sentiment improves slightly in August as they pay down debt
  • Personal income and consumption rise in July as savings rate dips
  • Fed's Beige Book shows continued economic growth but manufacturing activity slowing
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