3/23: MetroIntelligence Economic Update by P. Duffy

Existing home sales dipped 3.7 percent in February but still up 5.4 percent year-on-year

Total existing home sales retreated 3.7 percent in February. Despite last month’s decline, February’s sales pace is still 5.4 percent above a year ago.


Credit: National Association of Realtors


FHFA House Price Index flat in January but up 5.7 percent year-on-year

U.S. house prices remained flat in January according to the FHFA seasaonally adjusted monthly House Price Index (HPI). From January 2016 to January 2017, house prices were up 5.7 percent.


Credit: Federal Housing Finance Agency



Empire State Manufacturing Survey indicates solid growth in March

Business activity continued to grow at a solid clip in New York State, according to firms responding to the March 2017 Empire State Manufacturing Survey; the headline general business conditions index edged down two points to 16.4.


Credit: Federal Reserve Bank of New York



Philadelphia Fed’s Manufacturing Business Outlook Survey reports continued expansion in March

Results from the March Manufacturing Business Outlook Survey suggest that regional manufacturing activity continued to expand. The survey’s future indicators continued to improve and reflect a broadening base of optimism about future growth in manufacturing.


Credit: Federal Reserve Bank of Philadelphia

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