Greystar is preparing to open its first multifamily project built with modular structural pieces completed in its Pennsylvania-based factory, CoStar News reported.
News in end use
US Pending Homes Sales Increase 2.0% in October
The NAR Pending Homes Sales Index increased 2.0% month-over-month to a reading of 77.4 in October. Year-over-year, pending homes sales were up 5.4%.
US Mortgage Rates Inch Lower in the Week Ending November 27th
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%, Freddie Mac reported.
US Personal Income and Outlays for October
Personal income increased 0.6% at a monthly rate in October; disposable personal income increased 0.7%; and personal consumption expenditures increased 0.4%.
Canadian Real GDP Increases 0.3% in Q3
Canadian real GDP in Q3 increased 0.3% on a quarterly basis, after rising 0.5% in both Q1 and Q2.
US Real GDP Increases at an Annual Rate of 2.8% in Q3, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.8% in Q3, following a reported increase of 3.0% in Q2.
US Weekly Initial Jobless Claims Decline in the Week Ending November 23rd
The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 2,000 from the previous week’s revised level.
Mortgage Applications Increase in the Week Ending November 22nd—Third Straight Increase
Mortgage loan application volume increased 6.3% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Payroll Employment and Vacancy Data for September
The number of employees receiving pay and benefits from their employer declined 0.3%, or 57,400 positions, in September, following little change in August.
New US Residential Single-Family Home Sales Tumble 17.3% in October
New residential single-family home sales for October were at a SAAR of 610,000, 17.3% below the revised September rate of 738,000.