The CoreLogic Case-Shiller US National Home Price NSA Index posted a 3.4% annual gain in March, down from 4.0% in the previous month.
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State-Level Construction Sector Employment Data for April
Nationally, the construction industry added a net 11,000 jobs in April, the BLS and NAHB reported.
US Consumer Confidence Index Rebounds in May
The Conference Board Consumer Confidence Index rose 12.3 points in May to 98.0.
US New Residential Single-Family Home Sales Increase 10.9% in April
New single-family home sales in April increased 10.9% to a seasonally adjusted annual rate of 743,000.
US Multifamily Built-For-Rent Housing Starts Rise in Q1
Rental units accounted for 94% of all multifamily starts in Q1, NAHB reported.
Canadian Employment Insurance Benefits Hold Steady in March
The number of Canadians receiving regular Employment Insurance (EI) benefits held steady in March, rising 0.3%.
US Existing-Home Sales Decline 0.5% in April
Existing-home sales fell 0.5% in April to a seasonally adjusted annual rate of 4.00 million, NAR reported.
Canadian Industrial Product and Raw Materials Price Indices Decline in April
Softwood lumber prices were down 11.1%, marking the sharpest month-over-month decrease since June 2022.
US Mortgage Rates Creep Higher in the Week Ending May 22
The 30-year fixed-rate mortgage averaged 6.86%, up from last week when it averaged 6.81%, Freddie Mac reported.
US Housing Affordability Challenges Persist Despite Lower Home Prices and Income Gains
Americans continue to face significant housing affordability challenges, despite solid income growth and modest declines in home prices, NAHB reported.