Third quarter GDP growth revised up to 3.3 percent in second estimate, highest rate in three years

Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis, for the highest rate in three years. This growth rate compares to 3.0 percent in the first estimate and 3.1 percent in the second quarter.

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BuilderBytes' MetroIntelligence Economic Update for 10/30/15

Please click here to see the edition of BuilderBytes for 10/30/15 on the Web.

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

• Pending home sales dipped in September but still up 3.0 percent year-over-year
• Third quarter 2015 GDP growth fell to 1.5 percent in advance estimate
• Mortgage applications fall 3.5 percent in latest survey as rates inched back up
• Initial unemployment claims rise by 1,000 but 4-week average still at lowest level since Dec. 1973
• Federal Reserve leaves interest rates unchanged for now

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BuilderBytes' MetroIntelligence Economic Update for 12/26/14

Please click here to see the edition of BuilderBytes for 12/26/14 on the Web.

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

• New home sales fall slightly in November to annual pace of 438,000 units
• FHFA House Price Index up 0.6 percent in October and 4.5 percent year-over-year
• Third quarter GDP rose 5.0 percent in third and final estimate
• Consumer confidence in December reaches highest level since January 2007

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 11/08/13

Please click here to see the edition of BuilderBytes for 11/08/13 on the Web.

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

• Third quarter GDP grew at 2.8 percent rate in first estimate
• Initial unemployment claims fall by 9,000 in latest report
• Mortgage loan applications decline by 7 percent in latest survey

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 11/23/2011

Please click here to see the edition of BuilderBytes for 11/23/2011 on the Web. Because of the Thanksgiving holiday, for this issue it's being published on Wednesday instead of Thursday.

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

• October sales of existing homes rise, unsold inventory continues to decline
• Third quarter 2011 GDP revised from 2.5% to 2.05%
• Additional easing discussed at last federal reserve meeting
  

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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.