The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 2/4/13

Monday, February 4, 2013

BuilderBytes' MetroIntelligence Economic Update for 2/4/13

Please click here to see the edition of BuilderBytes for 2/4/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Construction spending in December up by 7.8% over previous year; 2012 total up by 9.2% above 2011 level
  • Consumer sentiment unexpectedly rose in January, could benefit consumer spending
  • Employment grew modestly in January; unemployment rate remained essentially unchanged at 7.9%
  • Mortgage applications fall by 8.1% in latest survey as refinancing dips
  • Manufacturing activity expanded in January for second consecutive month
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