The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 7/12/16

Tuesday, July 12, 2016

BuilderBytes' MetroIntelligence Economic Update for 7/12/16


Please click here to see the edition of BuilderBytes for 7/12/16 on the Web.

In this issue of the MetroIntelligence Economic Update, we covered the following indicators:
  • Planned job cuts rose 28 percent in June but still 26 percent lower than the 12-month average
  • Federal Reserve opts to leave interest rates steady in wake of Brexit vote
  • Initial unemployment claims fell by 16,000 in latest report
  • Mortgage applications rose 14.2 percent in latest survey as rates dip to lowest level since May 2013
  • 287,000 jobs created in June as unemployment rate rebounded to 4.9 percent
  • Consumer credit rose more than 6 percent in May due largely to more car loans
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