The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 2/22/13

Friday, February 22, 2013

BuilderBytes' MetroIntelligence Economic Update for 2/22/13

Please click here to see the edition of BuilderBytes for 2/22/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • January housing starts dip by 8.5% from December but still 23.6% above January 2012
  • January building permits up by 1.8% from December and 35.2% since January 2012
  • Both existing home sales and prices rose in January while inventory dipped to just 4.2 months
  • Leading Economic Index rose by 0.2% in January due to sound but sluggish economy
  • Initial unemployment claims rose by 20,000 in latest report; 4-week moving average rose by 8,000
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