Please click here to see the edition of BuilderBytes for 1/27/12 on the Web.
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- New home sales fall slightly from November to end worst year on record; inventory just 6.1 months at current sales rates
- Pending home sales ease in December but still above year-ago levels
- Federal Reserve Open Market Committee opts to keep rates low through at least late 2014
- FHFA house price index rose by 1% in November but still down 18.8% from its April 2007 peak
- Durable goods orders surge for second consecutive month in December
- Economy continuing to improve according to Leading Indicator Index
- Mortgage applications fall by 5% in latest survey
- Initial unemployment claims rise by 21,000 in most recent survey
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