News in end use

As of the last business day in August, the number and rate of job openings increased by 690,000 to 9.6 million and 5.8%, respectively.

Total construction spending during August was estimated at a SAAR of $1,983.5 billion, 0.5% above the revised July estimate of $1,973.7 billion.

The national medium payment applied for by applications increased to $2,170, up from $2,162 in July, according to an index by the Mortgage Bankers Association.

Redfin reported that during the four-week period ending on September 24th, roughly 6.5% of US homes for sale had a price drop—up from 5.8% a month earlier.

The National Association of Realtors® Pending Home Sales Index (PHSI) fell 7.1% month-over-month in August to a reading of 71.8.

Real GDP was basically unchanged in July, following a 0.2% decline in June. Service-producing industries inched 0.1% higher, while goods-producing industries declined 0.3%.

Personal income (PI) increased 0.4% in August; disposable personal income (DPI) increased 0.2%; and personal consumption expenditures (PCE) increased 0.4%.

The University of Michigan Index of Consumer Sentiment declined to a reading of 68.1 in September, down from 69.5 in August—a month-over-month decline of 2.0%.

The 30-year fixed-rate mortgage averaged 7.31%, up from last week when it averaged 7.19%, according to Freddie Mac.

According to the BEA’s “third” estimate, GDP increased at an annual rate of 2.1% in Q2. This follows an increase of 2.2% in Q1.