The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 12/10/12

Monday, December 10, 2012

BuilderBytes' MetroIntelligence Economic Update for 12/10/12

Please click here to see the edition of BuilderBytes for 12/10/12 on the Web.

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

  • Nonfarm employment rose by 146,000 in November as unemployment rate edged down to 7.7%
  • Consumer confidence dips in early December due to uncertainty about 'fiscal cliff.'
  • Initial unemployment claims fall by 25,000 in latest report following temporary increase due to Hurricane Sandy
  • Mortgage applications rise by 4.5% in latest survey, although purchase loans remain flat
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