News in end use

On Tuesday (6-27-2023), the latest results from the S&P CoreLogic Case-Shiller Indices for April were released and showed month-over-month price […]

The Federal Housing Finance Agency (FHFA) reported today (6-27-23), its House Price Index (FHFA HPI®) for April 2023. According to […]

Statistics Canada (StatsCan) reported today (6-27-23), that the Consumer Price Index (CPI) in Canada rose 3.4% year-over-year in May, following […]

The Conference Board, a non-partisan, not-for-profit think tank, founded in 1916, released today (6-27-23), its Consumer Confidence Index® (CCI) for […]

The Associated Builders and Contractors’ Construction Backlog Indicator remained unchanged month-over-month at 8.9 months in May. Year-over-year, the reading was 0.1 months lower.

Recent months of mixed macroeconomic information has painted a jumbled picture of conditions; however, the Group continues to believe a recession is the most likely outcome of the rapid tightening of monetary policy and the late stages of business cycle dynamics.

Zillow reported in a new market analysis that a substantial shortage of affordable housing options is fueling an affordability crisis in the US. Zillow notes that in particular those looking to move out on their own for the first time are being significantly impacted.

Analysis provided by the National Association of Home Builders reveals that 23 states reported an increase in construction jobs in May compared to April, while 21 states lost construction sector jobs.

The National Association of Realtors® reported that total existing home sales recorded a 0.2% increase in May from April to a seasonally adjusted rate of 4.30 million homes. Year-over-year, sales are down 20.4%.

The 30-year fixed-rate mortgage averaged 6.67%, down from last week when it averaged 6.69%. A year ago at this time, the 30-year FRM averaged 5.81%.