The Housing Chronicles Blog: BuilderBytes' MetroIntelligence Economic Update for 3/30/12

Friday, March 30, 2012

BuilderBytes' MetroIntelligence Economic Update for 3/30/12


Please click here to see the edition of BuilderBytes for 3/30/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
  • Third estimate of fourth quarter 2011 GDP remains at 3.0%
  • Initial unemployment claims fall by 5,000 in latest survey
  • Durable goods orders rise again by 2.2% as inventories also rise by 0.4%
  • Mortgage applications decline as refinance activity continues to soften; purchase loan activity still rises by 3.3%
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