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The Associated Builders and Contractors Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month.

Mortgage loan application volume increased 5.4% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.

Privately‐owned housing starts in August were at a seasonally adjusted annual rate (SAAR) of 1,283,000. This is 11.3% below the revised July estimate of 1,447,000.

The level of commercial/multifamily mortgage debt increased by $37.3 billion, or 0.8%, in Q2, according to the Mortgage Bankers Association.

The Canadian Consumer Price Index (CPI) increased 4.0% year-over-year in August, following a 3.3% increase in July. On a monthly basis, the CPI rose 0.4% in August.

The Canadian Mortgage and Housing Corporation reported that the standalone SAAR of housing starts declined 1% month-over-month in August to 252,787 units.

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.

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.

Redfin reported that residential real estate deals are falling through at their highest rate in almost a year.