The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 9/28/12

Friday, September 28, 2012

BuilderBytes' MetroIntelligence Economic Update for 9/28/12


Please click here to see the edition of BuilderBytes for 9/28/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • New home sales in August dip by 0.3% from July but still 27.2% above August 2011
  • Pending home sales in August fall by 2.6% from July but still 10.7% above August 2011
  • GDP in 2Q2012 declines to 1.3% in third (and final) estimate
  • Durable goods orders in August fall by 13.2%, the fourth consecutive monthly decline
  • Initial unemployment claims fall by 26,000 in latest report
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