BuilderBytes' MetroIntelligence Economic Update for 3/25/14

Please click here to see the edition of BuilderBytes for 3/25/14 on the Web.

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

• Initial unemployment claims rise by 5,000 in latest report
• Fed set to continue scaling down QE3, could raise interest rates in early 2015

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BuilderBytes' MetroIntelligence Economic Update for 1/7/13

Please click here to see the edition of BuilderBytes for 1/7/13 on the Web.

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

• Jobs rise by 155,000 in December as unemployment rate remains essentially unchanged at 7.8%
• Manufacturing activity rebounded in December following one month of decline
• Service sector economy continued to expand in December
• Federal Reserve minutes show QE3 ending in 2013 as economy continues to improve

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BuilderBytes' MetroIntelligence Economic Update for 9/7/12

Please click here to see the edition of BuilderBytes for 9/14/12 on the Web.

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

• Federal Reserve finally announces QE3
• Mortgage applications surge by 11.1% in latest report, purchase loans rise 8%
• Wholesale sales in July up by 2.7% from July 2011

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Federal Reserve announces QE3

Today the Federal Reserve Open Market Committee announced ongoing efforts to stimulate the economy, now known as "Quantitative Easing 3", or QE3.  From the press release:

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed. The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable...

BuilderBytes' MetroIntelligence Economic Update for 8/03/12

Please click here to see the edition of BuilderBytes for 8/03/12 on the Web.

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

• Private sector jobs grew  by 163,000 from June to July
• Planned layoffs declined for second consecutive month in July
• Construction spending rose by 0.4% in June; May increase also adjusted upwards
• Federal Reserve decides to take no further action to stimulate the economy for now
• Manufacturing sector activity contracted in July but overall economy still growing

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BuilderBytes' MetroIntelligence Economic Update for 2/17/12

Please click here to see the edition of BuilderBytes for 2/17/12 on the Web.

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

• Builder confidence rises for fifth consecutive month in February
• Housing starts in January up by 9.9% from previous year; building permits rise by 19.0%
• Philadelphia Fed: Firms see expansion in manufacturing activity
• Latest Federal Reserve meeting minutes show lesser support for QE3
• Industrial production flat in January; manufacturing rises by 0.7% as capacity utilization declines
• Producer Price Index (PPI) rises by 0.1% in January; core PPI up by 0.4%
• Empire State Manufacturing Survey shows continued growth in February
• Mortgage applications fall by 1% in latest survey
• Initial unemployment claims drop by 13,000 to 348,000 in latest survey
  

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BuilderBytes' MetroIntelligence Economic Update for 10/13/2011

Please click here to see the edition of BuilderBytes for 10/13/2011 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Federal Reserve Open Market Committee Split on Need for More Quantitative Easing
• Mortgage Bankers See Slow Growth in Loan Originations and Drop in Refinancings for 2012
• Mortgage Applications Rise by 1.3% Over Previous Week
• Bureau of Labor Statistics Says Job Openings "Little Changed" in August
  

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Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.