Please click here to see the edition of BuilderBytes for 1/21/13 on the Web.In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Consumer sentiment dips for second month due to fiscal cliff debate and higher payroll taxes
- Philadelphia Fed Business Outlook Survey declines in January, although firms still expect growth in first half of 2013
- Initial unemployment claims fell by 37,000 in latest report; four-year average dips by 6,760
- Mortgage applications jump by 15.2% in latest survey due to both refinances and purchase loans
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