News in end use

The Federal Housing Finance Agency’s (FHFA) House Price Index increased 3.0% between 2022Q2 and 2023Q2. Prices were up 1.7% compared to 2023Q1.

The S&P CoreLogic Case-Shiller US National Home Price NSA Index shows all 20 major metro markets reported month-over-month increases in June.

The Conference Board’s Consumer Confidence Index® declined in August to a reading of 106.1 (1985=100), down from a revised (lower) July reading of 114.0.

As of the last business day in July, the number of job openings declined 338,000 to 8.8 million while the rate declined to 5.3% from 5.8%.

Wood framing remained the most dominate construction method for single-family homes in the US in 2022, according to the US Census Bureau and NAHB.

In July, pending home sales rose 0.7% month-over-month on a seasonally adjusted basis to the highest level since the start of 2023, Redfin reported.

The National Association of Home Builders’ Survey on Acquisition, Development & Construction (AD&C) Financing shows interest rates on loans for AD&C continued to rise in Q2.

Buying a house in the US requires a significantly larger portion of a homebuyer’s income, making this the most unaffordable housing market since 1984, by one measure, CNN Business reported.

The Index of Consumer Sentiment declined to a reading of 69.5 in August, down from 71.6 in July, the University of Michigan reported.

The 30-year fixed-rate mortgage averaged 7.23%, up from last week when it averaged 7.09%, according to a survey by Freddie Mac.