The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 1/4/13

Friday, January 4, 2013

BuilderBytes' MetroIntelligence Economic Update for 1/4/13

Please click here to see the edition of BuilderBytes for 1/4/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Construction spending in November falls by 0.3% from October but still 7.7% above November 2011
  • Private sector employment rose by 215,000 jobs from November to December; gains revised upwards for previous month
  • Planned job cuts in December plunge to lowest level of 2012; lowest level total since 1997
  • Initial unemployment claims rise by 10,000 in latest report; four-week moving average flat
  • Mortgage applications fall in latest survey as rates rise slightly
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