News in end use

In September, the Consumer Price Index (CPI) increased 3.8% on a year-over-year basis, down slightly from August’s 4.0% gain. The year-over-year deceleration was broad-based.

Home sales recorded over Canadian MLS® Systems declined 1.9% between August and September, the Canadian Real Estate Association reported.

US single-family home prices increased 5.3% year-over-year in Q3, up from Q2’s revised annual growth rate of 2.9%, according to Fannie Mae’s latest Home Price Index (FNM-HPI).

The prices of inputs into residential construction less energy (i.e., building materials) was unchanged in September (not seasonally adjusted), the NAHB and Census Bureau reported.

The National Association of Builders/Westlake Royal Remodeling Market Index for Q3 declined 3 points to a reading of 65, down from 68 in Q2.

The Index of Consumer Sentiment declined to 63.0 in October, down from 68.1 in September. This is a month-over-month decline of 7.5% but up 5.2% year-over-year.

Zillow Group in its latest Zillow® Market Report reported that US home values took an unexpected slowdown in September, albeit a small one.

The 30-year fixed-rate mortgage averaged 7.57%, up from last week when it averaged 7.49%, according to Freddie Mac.

The Consumer Price Index for All Urban Consumers increased 0.4% in September, on a seasonally adjusted basis, after increasing 0.6% in August.

The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending October 7th, unchanged from the previous week.