The U.S. Bureau of Labor Statistics (BLS) is reporting that the Producer Price Index (PPI) for final demand increased to a seasonally adjusted 0.6% in July.
According to Zillow, a Seattle Washington based online real estate database company, in their latest Zillow’s Weekly Market Report (ZWMR), pending home sales remain well above last year’s levels.
Construction activity in the United Kingdom in July accelerated, led by another strong showing in housebuilding. New orders increased for the second month in a row, as lockdown measures eased, and jobsite activity was able to restart.
According to the Bloomberg Nanos Canadian Confidence Index, (BNCCI), a composite that measure the financial health and economic expectations, consumer sentiment in Canada turned positive for the first time since the COVID-19 pandemic began, with wide spread gains being experienced across regions and age groups.
Since mid-April 2020, the average lumber prices have surged an amazing 80%. Moving from a low of $348 per thousand board feet (MBM) to $ 627 MBM as of July 31st.
The Canada Mortgage and Housing Corp. (CMHC) is reporting that the annual pace of housing starts in July rose nearly 16% when compared with June.
Redfin, the Seattle-based real estate brokerage is reporting that for the third straight month, more than half of its home offers faced competition (bidding war) in July.
According to the Federal Reserve’s latest G.19 Consumer Credit Report, which tracks trends in consumer credit, excluding loans secured by real estate, in June consumer credit increased at a seasonally adjusted annual rate (SAAR) of 2.6% from the month of May.
The Bureau of Labor Statistics (BLS) has posted its Job Opening and Labor Turnover Survey (JOLTS) for June 2020. According to the JOLTS report the number of job openings increased to 5.9 million as of the last business day of June.
A deeper look at the Bureau of Labor Statistics (BLS) Employment Situation report for July 2020, shows that total nonfarm payroll employment rose by 1.8 million in July.