News in end use

The Index of Consumer Sentiment rose to a reading of 69.0 in September, up from 67.9 in August. This is a month-over-month increase of 1.6% and up 1.8% year-over-year.

The 30-year fixed-rate mortgage averaged 6.20%, down from last week when it averaged 6.35%, Freddie Mac reported.

The total value of building permits in Canada soared 22.1% month-over-month to $12.4 billion (CAD) in July. This follows two consecutive months of declines.

During the four-week period ending on September 8th, the median US monthly housing payment was $2,558—down nearly to where it was at the start of the year—Redfin reported.

The Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in August.

The advance figure for seasonally adjusted initial unemployment claims was 230,000, an increase of 2,000 from the previous week’s revised level.

The CPI-U increased 0.2% on a seasonally adjusted basis. Over the past 12 months, the all-items index increased 2.5% before seasonal adjustment.

The ABC Construction Backlog Indicator fell to 8.2 months in August. Year-over-year, the CBI is down 1.0 months.

Mortgage loan application volume increased 1.4% on a seasonally adjusted basis from one week earlier, MBA reported.