The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 3/4/13

Monday, March 4, 2013

BuilderBytes' MetroIntelligence Economic Update for 3/4/13

Please click here to see the edition of BuilderBytes for 3/4/13 on the Web.

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

  • January construction spending dips from December; residential construction flat
  • Consumer confidence improves slightly, but mostly for households with incomes over $75,000
  • Personal income and savings rates drop sharply in January following payroll tax hikes; inflation remains low
  • Manufacturing activity continued to improve in January
  • Mortgage applications fall by 3.8% in latest survey as both purchase loans and refinances decrease
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