The Housing Chronicles Blog

BuilderBytes' MetroIntelligence Economic Update for 5/8/13

noreply@blogger.com (Patrick Duffy) — Wed, 08 May 2013 15:49:00 +0000

Please click here to see the edition of BuilderBytes for 5/8/13 on the Web.

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

Service economy growth slowed slightly in April
Manufacturing sector growth dipped slightly in April but still up for 5th straight month
U.S. trade deficit declined sharply in March as imports fall more than exports
Chicago PMI fell to 3.5-year low in April

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 5/6/13

noreply@blogger.com (Patrick Duffy) — Mon, 06 May 2013 18:38:00 +0000

Please click here to see the edition of BuilderBytes for 5/6/13 on the Web.

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

Employment rose by 165,000 jobs in April; previous months' totals also revised upwards
Productivity rose by 0.7% in 1Q 2013; labor costs rose by 0.5%
Mortgage applications rose by 1.8% in latest survey

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 5/3/13

noreply@blogger.com (Patrick Duffy) — Fri, 03 May 2013 18:20:00 +0000

Please click here to see the edition of BuilderBytes for 5/3/13 on the Web.

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

March construction spending dipped 1.7% from February to $856.7 billion
Private sector jobs grew by 119,000 positions from March to April
Planned job cuts fell to their lowest level since December during April
Initial unemployment claims fall by 18,000 in latest report
FOMC decides to keep interest rates low and maintain bond purchases

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 5/1/13

noreply@blogger.com (Patrick Duffy) — Wed, 01 May 2013 16:06:00 +0000

Please click here to see the edition of BuilderBytes for 5/1/13 on the Web.

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

S&P/Case-Shiller Indices rose by high single digits for year ending in February 2013
Pending home sales rise slowed in March
Consumer spending rose in March even as incomes rose less than expected
Consumer confidence rebounded in April after dipping in March

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/29/13

noreply@blogger.com (Patrick Duffy) — Mon, 29 Apr 2013 18:29:00 +0000

Please click here to see the edition of BuilderBytes for 4/29/13 on the Web.

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

Durable goods orders fall for second consecutive month
Consumer sentiment eased in April due to concerns about jobs and finances
First Quarter 2013 GDP rose by 2.5% in first estimate

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/24/13

noreply@blogger.com (Patrick Duffy) — Wed, 24 Apr 2013 18:37:00 +0000

Please click here to see the edition of BuilderBytes for 4/24/13 on the Web.

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

New home sales in March rise by 1.5% to annual rate of 417,000
Existing home sales dip slightly in March due to constraints on listed inventory
FHFA House Price Index rises by 7.1% over the past year

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/22/13

noreply@blogger.com (Patrick Duffy) — Mon, 22 Apr 2013 17:00:00 +0000

Please click here to see the edition of BuilderBytes for 4/22/13 on the Web.

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

Empire State Manufacturing Survey improves slightly in April
Mortgage applications rise by 4.8% in latest survey

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/19/13

noreply@blogger.com (Patrick Duffy) — Fri, 19 Apr 2013 17:00:00 +0000

Please click here to see the edition of BuilderBytes for 4/19/13 on the Web.

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

Leading Economic Index dips in March as growth slows
Initial unemployment claims rise by 4,000 in latest report
Philadelphia Fed's Business Outlook Survey remains steady in April

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Is the Housing Market Rebound Sustainable?

noreply@blogger.com (Patrick Duffy) — Fri, 19 Apr 2013 00:00:00 +0000

By almost any measure – and as noted regularly in BuilderBytes’ MetroIntelligence Economic Update -- the housing market is not only on the mend, but rebounding much faster than most economists and housing analysts predicted. Not only did the median price for existing homes rise by nearly 10% nationally over the past year, but they continued rising during the seasonally slow winter months, and already show signs of gaining altitude as the spring buying season continues.

Meanwhile, a combination of reduced new home construction, fewer foreclosures, investors paying cash for homes to rent out and owners still sitting on under-water homes means inventory levels that have fallen to 12-year lows. So is the current scenario just an economic blip, or have we finally launched onto a sustained rebound that will last?

This answer is that this rebound may have some legs. For one, home prices nationally are still below their long-run average compared to incomes, and affordability has rarely been higher. Home builders, who have long struggled to gain traction with skittish buyers and had to compete against discounted foreclosures, are now facing shortages of labor, credit and finished lots to fulfill the rising demand for new housing, pushing NAHB’s Housing Market Index (HMI) in April down by two points to 42 (anything above 50 indicates more builders view conditions as good). Consequently, whereas housing starts in March rose by nearly 47% over the past year, building permits rose by a much smaller 17% as builders must now address the rough edges of the rebound.

One reason that demand now exceeds supply is that while household formations were in hibernation as people doubled up with roommates, families or simply postponed divorce, population growth continued unabated. Today, there are potentially millions of renters and households living in shared quarters who are ready to become home buyers given that they pass muster with today’s tougher credit standards.

Another reason for the supply imbalance is that investors -- large and small, foreign and domestic -- have increasingly funneled cash into what is now viewed as a safe investment: U.S. real estate. Currently, nearly one-third of all home sales are due to cash buyers, and it was this fairly consistent level of activity over the past two years which put that long-awaited floor under prices (which had foundered as federal and state tax credit gimmicks wore off.)

That fear of catching the falling knife, which froze the housing market for several years, has been replaced by the boom-era fear of missing out on the upside. For these investors – which include brand-name private equity firms such as Blackstone Group and Colony Capital as well as smaller outfits issuing their own private placements for debt – they’ve managed to ignite a rental property boom, which has in turn put pressure on owners of traditional apartments. What remains to be seen is what happens to these rentals when prices are no longer rising and rents have stalled, yet fund investors are still demanding the returns they were promised. In contrast, traditional ‘mom and pop’ landlords can simply pay off the mortgage and then rely on the additional cash flow when they retire.

If there is one unknown which may derail the strength of this recovery, it is interest rates: what happens when rates return to 5% or 6%, or even the 8.38% average noted over the last 49 years? It’s hard to over-estimate the power that historically low interest rates have on affordability levels: the same buyer whose $1,000 monthly payment would allow them to purchase a $165,000 mortgage at 6.1% (the rate in late 2008) could purchase a $222,000 mortgage at 3.5%, thereby boosting their purchasing power by a third. This provides today’s buyers with a classic dilemma: pay more today than they did a year ago, or pay even more in the future when interest rates may be higher.

In addition, home equity lines of credit are almost certain to rise as soon as the Federal Reserve ends its current policy of near-zero interest rates. If the minutes from the most recent Federal Open Market Committee (FOMC) meetings are to be believed, then “QEIII” (the third round of quantitative easing) could end before the end of this year, and that could send variable rates higher – albeit slowly. But for that to happen, the economy will have likely proven that it’s definitely on the mend, and that’s the sort of problem the federal government –and the yawning deficit – would almost certainly like to face.

BuilderBytes' MetroIntelligence Economic Update for 4/17/13

noreply@blogger.com (Patrick Duffy) — Wed, 17 Apr 2013 18:24:00 +0000

Please click here to see the edition of BuilderBytes for 4/17/13 on the Web.

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

March housing starts up by 7.0% from February and by 46.7% from March 2012
March building permits dip by 3.9% from February but still 17.3% above March 2012
Builder confidence dips by two points to 42
CPI fell by 0.2% in March but still up by 1.5% over last 12 months
Industrial production continued to rise in March

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/10/13

noreply@blogger.com (Patrick Duffy) — Mon, 15 Apr 2013 17:30:00 +0000

Please click here to see the edition of BuilderBytes for 4/15/13 on the Web.

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

Consumer confidence dips to 9-month low in April
Retail sales in March drop by the most in nine months
Producer Price Index falls in March after two months of increases
Business inventories rise less than expected in February

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/12/13

noreply@blogger.com (Patrick Duffy) — Fri, 12 Apr 2013 20:09:00 +0000

Please click here to see the edition of BuilderBytes for 4/12/13 on the Web.

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

Initial unemployment claims fall by 42,000 in latest report
Trade deficit falls in February as exports rise faster than imports
Mortgage loan applications rise by 4.5% in latest survey
Federal Reserve meeting notes show pressure to end QEIII by year end

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/10/13

noreply@blogger.com (Patrick Duffy) — Wed, 10 Apr 2013 17:00:00 +0000

Please click here to see the edition of BuilderBytes for 4/10/13 on the Web.

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

Wholesale trade up by 1.7% from January and by 3.7% from February

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/8/13

noreply@blogger.com (Patrick Duffy) — Mon, 08 Apr 2013 18:16:00 +0000

Please click here to see the edition of BuilderBytes for 4/8/13 on the Web.

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

Job growth stalled in March as labor force shrunk by 0.2%
U.S. trade deficit dipped from $44.5 to $43.0 billion in February
Mortgage applications mixed in latest survey

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/5/13

noreply@blogger.com (Patrick Duffy) — Fri, 05 Apr 2013 18:36:00 +0000

Please click here to see the edition of BuilderBytes for 4/5/13 on the Web.

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

Private sector jobs rose by 158,000 from February to March
Planned job cuts in March fell by 11% but still 30% higher year-over-year
Initial unemployment claims rise by 28,000 in latest report
Service sector economy grew slower in March than February

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Scott McCourtney at smccourtney@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/3/13

noreply@blogger.com (Patrick Duffy) — Wed, 03 Apr 2013 18:46:00 +0000

Please click here to see the edition of BuilderBytes for 4/3/13 on the Web.

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

Construction spending in February up by 1.2% from January and by 7.8% from February 2012
Manufacturing sector expanded in March for fourth straight month
Durable goods orders and inventories in February rise to highest level since 1992

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 4/1/13

noreply@blogger.com (Patrick Duffy) — Mon, 01 Apr 2013 18:42:00 +0000

Please click here to see the edition of BuilderBytes for 4/1/13 on the Web.

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

Personal income, consumer spending and savings rates all rose in February
Consumer confidence continued to improve in March
Chicago PMI veers downward in March
Mortgage applications rise by 7.7%, due both to refinances and purchase loans

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

Happy Easter and Passover from Housing Chronicles

noreply@blogger.com (Patrick Duffy) — Fri, 29 Mar 2013 17:44:00 +0000

The Housing Chronicles Blog and MetroIntelligence Real Estate & Economic Advisors would like to wish our readers, clients and colleagues a very Happy Easter! For our Jewish friends, colleagues and clients, we’d also like to wish you a very Happy Passover. So what exactly are the histories of these two holiday periods? Read on for more details…

Easter
Easter, which celebrates Jesus Christ’s resurrection from the dead, is Christianity’s most important holiday. It has been called a moveable feast because it doesn’t fall on a set date every year, as most holidays do. Instead, Christian churches in the West celebrate Easter on the first Sunday following the full moon after the vernal equinox on March 21. Therefore, Easter is observed anywhere between March 22 and April 25 every year. Orthodox Christians use the Julian calendar to calculate when Easter will occur and typically celebrate the holiday a week or two after the Western churches, which follow the Gregorian calendar.

The exact origins of this religious feast day’s name are unknown. Some sources claim the word Easter is derived from Eostre, a Teutonic goddess of spring and fertility. Other accounts trace Easter to the Latin term hebdomada alba, or white week, an ancient reference to Easter week and the white clothing donned by people who were baptized during that time. Through a translation error, the term later appeared as esostarum in Old High German, which eventually became Easter in English. In Spanish, Easter is known as Pascua; in French, Paques. These words are derived from the Greek and Latin Pascha or Pasch, for Passover. Jesus’ crucifixion and resurrection occurred after he went to Jerusalem to celebrate Passover (or Pesach in Hebrew), the Jewish festival commemorating the ancient Israelites’ exodus from slavery in Egypt. Pascha eventually came to mean Easter.

Easter is really an entire season of the Christian church year, as opposed to a single-day observance. Lent, the 40-day period leading up to Easter Sunday, is a time of reflection and penance and represents the 40 days that Jesus spent alone in the wilderness before starting his ministry, a time in which Christians believe he survived various temptations by the devil. The day before Lent, known as Mardi Gras or Fat Tuesday, is a last hurrah of food and fun before the fasting begins. The week preceding Easter is called Holy Week and includes Maundy Thursday, which commemorates Jesus’ last supper with his disciples; Good Friday, which honors the day of his crucifixion; and Holy Saturday, which focuses on the transition between the crucifixion and resurrection. The 50-day period following Easter Sunday is called Eastertide and includes a celebration of Jesus’ ascension into heaven.

In addition to Easter’s religious significance, it also has a commercial side, as evidenced by the mounds of jelly beans and marshmallow chicks that appear in stores each spring. As with Christmas, over the centuries various folk customs and pagan traditions, including Easter eggs, bunnies, baskets and candy, have become a standard part of this holy holiday.

Source: History.com

Passover
One of the Jewish religion’s most sacred and widely observed holidays, Passover (Hebrew: Pesach) commemorates the story of the Israelites’ departure from ancient Egypt, which appears in the Hebrew Bible’s books of Exodus, Numbers and Deuteronomy, among other texts. Jews observe the weeklong festival with a number of important rituals, including traditional Passover meals known as seders, the removal of leavened products from their home, the substitution of matzo for bread and the retelling of the exodus tale.

One of the most important Passover rituals for observant Jews is removing all leavened food products (known as chametz) from their home before the holiday begins and abstaining from them throughout its duration. Instead of bread, religious Jews eat a type of flatbread called matzo; according to tradition, this is because the Hebrews fled Egypt in such haste that there was no time for their bread to rise, or perhaps because matzo was lighter and easier to carry through the desert than regular bread.

On the first two nights of Passover, families and friends gather for a religious feast known as a seder. During the meal, the story of the exodus from Egypt is read aloud from a special text called the Haggadah (Hebrew for “telling”), and rituals corresponding to various aspects of the narrative are performed. For example, vegetables are dipped into salt water representing the tears Jews shed during their time as slaves, and bitter herbs (usually horseradish) symbolizing the unpleasant years of their bondage are eaten. A seder plate at the center of the table contains Passover foods with particular significance to the exodus story, including matzo, bitter herbs, a lamb shankbone and a mixture of fruit, nuts and wine known as charoset, which represents the mortar Jews used while bonding bricks as slaves in Egypt. Other typical menu items include matzo kugel (a pudding made from matzo and apples), poached fish patties called gefilte fish and chicken soup with matzo balls.

Children play an important role in the seder and are expected to take part in many of its customs. At one point during the meal, the youngest child present recites the four questions, which ask what distinguishes this special night from all other nights. In many households, young people also enjoy participating in the traditional hunt for the afikomen, a piece of matzo that is hidden early in the evening. The finder is rewarded with a prize or money.

Source: History.com

BuilderBytes' MetroIntelligence Economic Update for 3/29/13

noreply@blogger.com (Patrick Duffy) — Fri, 29 Mar 2013 17:41:00 +0000

Please click here to see the edition of BuilderBytes for 3/29/13 on the Web.

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

Pending home sales dip slightly in February
Third estimate of 4Q 2012 rises to 0.4% from 0.1% percent
Initial unemployment claims rise by 16,000 in latest report

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Scott McCourtney at smccourtney@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/27/13

noreply@blogger.com (Patrick Duffy) — Wed, 27 Mar 2013 15:53:00 +0000

Please click here to see the edition of BuilderBytes for 3/27/13 on the Web.

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

New home sales in February dip by 4.6% from January but up by 12.3% from February 2012
Case-Shiller Home Price Indices continued to rise for 12 months ending in January
Consumer confidence dips in March following rise in February
Durable goods orders rose by 5.7% in February, mostly due to commercial aircraft

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/25/13

noreply@blogger.com (Patrick Duffy) — Mon, 25 Mar 2013 18:52:00 +0000

Please click here to see the edition of BuilderBytes for 3/25/13 on the Web.

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

Federal Reserve to keep interest rates low and continue purchasing mortgage-backed bonds
Philadelphia Fed survey reports slight increases in business activity for March
Mortgage applications fall by 7.1% in latest survey, mostly due to dip in refinancing

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/22/13

noreply@blogger.com (Patrick Duffy) — Fri, 22 Mar 2013 19:00:00 +0000

Please click here to see the edition of BuilderBytes for 3/22/13 on the Web.

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

February existing home sales and prices continue to rise as inventory increases by nearly 10% from January
FHFA House Price Index rose by 0.6% in January and by 6.5% for previous 12 months
Leading Economic Index rose in February for third consecutive month

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/20/13

noreply@blogger.com (Patrick Duffy) — Wed, 20 Mar 2013 19:00:00 +0000

Please click here to see the edition of BuilderBytes for 3/20/13 on the Web.

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

Builder confidence dips as companies struggle to adjust to increased demand
Housing starts in February rise by 0.8% from January and by 27.7% from the same month of 2012
Building permits in February rise by 4.6% from January and by 33.8% from the same month of 2012

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/18/13

noreply@blogger.com (Patrick Duffy) — Mon, 18 Mar 2013 17:00:00 +0000

Please click here to see the edition of BuilderBytes for 3/18/13 on the Web.

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

CPI rises by 0.7% in February; up 2.0% over last 12 months
Consumer confidence unexpectedly slumps in March
Empire State Manufacturing Survey continued to improve modestly in March
Industrial production increased by 0.7% in February as capacity utilization rises to 79.6%
Mortgage applications dip by 4.7% in latest survey as rates rise

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 3/15/13

noreply@blogger.com (Patrick Duffy) — Fri, 15 Mar 2013 18:57:00 +0000

Please click here to see the edition of BuilderBytes for 3/15/13 on the Web.

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

Retail sales in February rise by 1.1% from January and by 4.6% from February 2012
Initial unemployment claims fall by 10,000 in latest report; 4-week moving average dips by 2,750
Producer Price Index rose by 0.7% in February
Business inventories rise in January by the most since May 2011

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Evan Lancaster at elancaster@penpubinc.com.