Investment in Canadian building construction fell 2.6% to $17.5 billion (CAD) in July. Single-family home construction investment decreased 5.5% to $5.8 billion.
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US Builder Sentiment Declines For Second Consecutive Month in September
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reported that builder sentiment in the market for newly built single-family homes declined 5 points in September to a reading of 45.
Home Purchases Are Falling Through at the Fastest Rate in Nearly a Year
Redfin reported that residential real estate deals are falling through at their highest rate in almost a year.
Producer Price Index for August With a Focus on Building Materials Prices
Analysis provided by the NAHB reveals that the price level of inputs into residential construction less energy ticked up 0.1% in August, not seasonally adjusted.
Canadian Home Sales Fall 4.1% Month-Over-Month in August
The Canadian Real Estate Association reported that home sales posted over the Canadian MLS® Systems declined 4.1% between July and August.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for September
The Index of Consumer Sentiment declined to a reading of 67.7 in September, down from its reading of 69.5 in August. This is a month-over-month decline of 2.6%.
Mortgage Applications for New Home Purchases Increase in August
Mortgage applications for new home purchases increased 4.0% month-over-month and 20.6% year-over-year, according to the Mortgage Bankers Association.
30-Year Mortgage Resumes Upward Trek
The 30-year fixed-rate mortgage averaged 7.18% in the week ending September 7th, up from 7.12% a week earlier, according to Freddie Mac.
Producer Price Index for Final Demand Climbs Higher in August
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.7% in August, after increasing 0.4% in July.
US Weekly Jobless Claims Increase for the Week Ending September 9th
The advance figure for seasonally adjusted initial unemployment claims was 220,000 during the week ending September 9th, an increase of 3,000 from the previous week.