BuilderBytes' MetroIntelligence Economic Update for 7/8/16

Please click here to see the edition of BuilderBytes for 7/8/16 on the Web.

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

• ADP: Private sector jobs grew by 172,000 in June
• Planned job cuts rose 28 percent in June but still 26 percent lower than the 12-month average
• Federal Reserve opts to leave interest rates steady in wake of Brexit vote
• Initial unemployment claims fell by 16,000 in latest report
• Mortgage applications rose 14.2 percent in latest survey as rates dip to lowest level since May 2013

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