The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 9/19/12

Wednesday, September 19, 2012

BuilderBytes' MetroIntelligence Economic Update for 9/19/12

Please click here to see the edition of BuilderBytes for 9/19/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Builder confidence rises to highest level since June of 2006
  • Consumer confidence unexpectedly improves in September
  • August retail sales rise by 0.9% from July and by 4.7% from August 2011
  • CPI rose by 0.6% in August, mostly due to higher gas prices
  • Industrial production fell by 1.2% in August, partly due to Hurricane Isaac
  • Empire State Manufacturing Survey indicates weaker growth but greater optimism in the months ahead
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