News in end use

31 states reported month-over-month employment gains in August, while 14 states lost construction sector jobs. Montana, Oklahoma, and Utah each reported no change.

The number of Canadians receiving regular Employment Insurance (EI) benefits increased by 25,000, or 6.0%, to 438,000 in July.

Total existing home sales declined 0.7% month-over-month in August to a seasonally adjusted rate of 4.04 million homes, the National Association of Realtors reported.

The 30-year fixed-rate mortgage averaged 7.19%, up from last week when it averaged 7.18%, according to Freddie Mac.

The Conference Board Leading Economic Index® declined 0.4% in August to a reading of 105.4 (2016=100), after posting a 0.3% decline in July.

The advance figure for seasonally adjusted initial unemployment claims was 201,000 during the week ending Saturday, September 16th. This is a decrease of 20,000.

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.