The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 1/21/13

Monday, January 21, 2013

BuilderBytes' MetroIntelligence Economic Update for 1/21/13

Please click here to see the edition of BuilderBytes for 1/21/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Consumer sentiment dips for second month due to fiscal cliff debate and higher payroll taxes
  • Philadelphia Fed Business Outlook Survey declines in January, although firms still expect growth in first half of 2013
  • Initial unemployment claims fell by 37,000 in latest report; four-year average dips by 6,760
  • Mortgage applications jump by 15.2% in latest survey due to both refinances and purchase loans
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