News in end use

The Canadian Real Estate Association reported that home sales posted over the Canadian MLS® Systems declined 4.1% between July and August.

The Index of Consumer Sentiment declined to a reading of 67.7 in September, down from its reading of 69.5 in August. This is a month-over-month decline of 2.6%.

Mortgage applications for new home purchases increased 4.0% month-over-month and 20.6% year-over-year, according to the Mortgage Bankers Association.

The 30-year fixed-rate mortgage averaged 7.18% in the week ending September 7th, up from 7.12% a week earlier, according to Freddie Mac.

The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.7% in August, after increasing 0.4% in July.

The advance figure for seasonally adjusted initial unemployment claims was 220,000 during the week ending September 9th, an increase of 3,000 from the previous week.

Mortgage loan application volume declined 0.8% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in August on a seasonally adjusted basis.

Consumer credit outstanding growth slowed to a SAAR of 2.5% in July, down from 3.4% in June, according to the Federal Reserve and NAHB.