The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 12/3/12

Monday, December 3, 2012

BuilderBytes' MetroIntelligence Economic Update for 12/3/12

Please click here to see the edition of BuilderBytes for 12/3/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

  • Federal Reserve reports expanded economic activity 'at a measured pace'
  • Personal income flat in October but savings rate rises from 3.3% to 3.4%
  • Chicago PMI improves in November after falling for two months
  • Initial unemployment claims fall by 23,000 in latest report
  • Mortgage applications fall by 0.9% in latest survey, although purchase loans rose by 3%
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