The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 9/19/14

Friday, September 19, 2014

BuilderBytes' MetroIntelligence Economic Update for 9/19/14

Please click here to see the edition of BuilderBytes for 9/19/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • August building permits fell by 5.6 percent from Muly but still up 5.3 percent year-over-year
  • August housing starts dipped by 14.4 percent from July but still up 8.0 percent year-over-year
  • Initial unemployment claims fall by 36,000 in latest report
  • Mortgage applications rise by 7.9 percent in latest survey even as rates rise to highest level since June 2014
  • Federal Reserve plans for keep interest rates at current levels for considerable time, will end QEIII next month
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