Investment in building construction in Canada rose 2.1% to $21.6 billion (CAD) in September, following a 0.2% increase in August.
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US Home Prices Increase 5.9% Year-Over-Year in October
US home prices grew 0.5% month-over-month in October on a seasonally adjusted basis, matching September’s increase, Redfin reported.
Mortgage Applications Increase in the Week Ending November 15th
Mortgage loan application volume increased 1.7% on a seasonally adjusted basis from one week earlier, MBA reported.
Share of Mortgage Loans in Forbearance Increases for Fifth Consecutive Month in October
The total number of loans in forbearance as of October 31st increased to 0.47% of servicers’ portfolio volume, up from 0.34% in September, MBA reported.
US Housing Starts, Building Permits, and Completions Decline in October
Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,311,000. This is 3.1% below the revised September estimate of 1,353,000.
US Mortgage Applications for New-Home Purchases Increase 3.0% in October
Mortgage applications for new-home purchases in October increased 3.0% month-over-month and 8.2% year-over-year, MBA reported.
Canadian Consumer Price Index Increases 2.0% Year-Over-Year in October
The Canadian Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September.
State-Level US Construction Employment Data for October
Construction employment increased in 33 states and the District of Columbia in October, the BLS and NAHB reported.
US Builder Confidence Moves Higher for Third Consecutive Month in November
The NAHB/Wells Fargo Housing Market Index was up 3 points from October, marking the third consecutive increase.
Canadian Housing Starts Increase 8% in October
Housing starts for all areas in Canada increased 8% month-over-month a SAAR of 223,391 units in September, CMHC reported.