The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 7/1/16

Friday, July 1, 2016

BuilderBytes' MetroIntelligence Economic Update for 7/1/16

Please click here to see the edition of BuilderBytes for 7/1/16 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Pending home sales dipped in May year-on-year for the first time in almost two years
  • Conference Board:  Consumer confidence rebounds in June after May decline
  • Personal income, consumer spending and prices all rose in May while savings rate dipped slightly
  • Chicago PMI rose in June to highest level since January 2016
  • Mortgage applications dip 2.6 percent even as rates edge down to lowest level since May 2013
  • Initial unemployment claims rise 10,000 in latest report
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