News in end use

The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) increased 0.3% to a reading of 96.6 in August.

Zillow data shows that sellers listed nearly 350,000 homes for sale across the US in August, approximately 4% more than in July.

Redfin reported that the median US asking rent was $2,052 in August, just $2 below the record high set a year earlier. The median rent is up 0.7% from July.

The NFIB Small Business Optimism Index declined 0.6 points to a reading of 91.3 in August.

42% of new single-family detached homes sold in 2022 were built on lots under 7,000 square feet (less than 0.16 of an acre), according to the Census Bureau and NAHB.

Canada, Ontario, and the regional Municipality of Halton have announced over $45 million (CAD) in funding to construct 52 affordable housing units in Oakville, Ontario.

Rising interest rates and tightening financial conditions contributed to a decline in the volume AD&C loans during Q2, the National Association of Home Builders reported.

Employment throughout Canada increased by 40,000, or 0.2%, in August, following little change in July. Since January, employment has increased by 174,000, or 0.9%.

The Index remained effectively unchanged in August, as consumer confidence towards housing continued along the low-level set earlier in the year.

The total monthly value of building permits in Canada declined 1.5% to $11.7 billion in July. The value of residential permits increased 5.4% to $7.4 billion.