BuilderBytes' MetroIntelligence Economic Update for 1/20/12

Please click here to see the edition of BuilderBytes for 1/20/12 on the Web.

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

• NAHB Housing Market Index rises to highest levels since June of 2007
• Housing starts fall more than expected in December to cap worst year on record; building permits remain flat
• Philadelphia Fed survey shows continued moderate growth in January
• Initial unemployment claims drop by 50,000 from previous week
• CPI unchanged in December but up by 3.0% for 2011
• Industrial production rose by 0.4% in December and by 3.1% in 4Q 2011
• Wholesale prices fall in December but still up by 4.8% for all of 2011
• Mortgage applications rise sharply in second week of new year

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