BuilderBytes' MetroIntelligence Economic Update for 5/2/14

Please click here to see the edition of BuilderBytes for 5/2/14 on the Web.

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

• Construction spending inches up in March; up by 8.4 percent year-over-year
• Job cuts rose 17 percent in April, mostly in retail and financial services
• Personal spending in March jumped by more than double the pace of incomes
• Mortgage applications dip by 5.9 percent in latest survey

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