News in end use

The advance figure for seasonally adjusted initial unemployment claims was 217,000, an increase of 5,000 from the previous week.

Total construction spending during September was estimated at a seasonally adjusted annual rate (SAAR) of $1,996.5 billion, 0.4% above the revised August estimate.

In Q3, residential building construction costs increased 1.0%. Non-residential building construction costs were 0.9%.

The number of open construction jobs increased from a revised reading of 375,000 in August to 431,000 in September, according to analysis by the NAHB.

Mortgage loan application volume decreased 2.1% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.

Nonfarm private sector employment increased by 113,000 jobs in October, and annual pay was up 5.7% year-over-year, according to ADP data.

As of the last business day in September, the number of job openings was little changed at 9.6 million, and the rate was unchanged at 5.7%.

The Federal Housing Finance Agency House Price Index increased 0.6% month-over-month in August, seasonally adjusted. Year-over-year, home prices rose 5.6%.

The Conference Board Consumer Confidence Index® declined in October to a reading of 102.6 (1985=100), from an upwardly revised September reading of 104.3.

The S&P CoreLogic Case-Shiller US National Home Price NSA Index shows 13 of the 20 major metro markets reported month-over-month increases in August.