The MBA Purchase Applications Payment Index decreased 0.8% to a reading of 157.9 in September, down from 159.2 in August.
News in end use
Canadian GDP Unchanged in August, but Advance September Estimate Shows Increase
Canadian real GDP was essentially unchanged in August, following a 0.1% increase in July.
Private Sector Job Cuts Ease in October
US-based employers announced 55,597 job cuts in October, a 23.7% decrease from the 72,821 cuts announced in September, CG&C reported.
US Weekly Initial Jobless Claims Continue to Decline in the Week Ending October 26th
The advance figure for seasonally adjusted initial unemployment claims was 216,000, a decrease of 12,000 from the previous week’s revised level.
US Real GDP Increases at an Annual Rate of 2.8% in Q3, BEA Reports in Its “Advance” Estimate
Real GDP increased at an annual rate of 2.8% in Q3, following an increase of 3.0% in Q2.
US Pending Home Sales Increase 7.4% in September
The NAR Pending Homes Sales Index increased 7.4% month-over-month to a reading of 75.8 in September.
US Construction Employment Softens in September
The number of open construction sector jobs fell from a revised 328,000 in August to a softer 288,000 in September, NAHB reported.
Mortgage Applications Drop in the Week Ending October 25th, Marking Fifth Consecutive Drop
Mortgage loan application volume decreased 0.1% on a seasonally adjusted basis from one week earlier, MBA reported.
ADP® Reports Private Sector Employment and Compensation Both Increased in October
Private sector employment increased by 233,000 jobs in October, ADP reported.
FHFA Home Price Index Increases 4.2% Annually in August
The FHFA Home Price Index increased 0.3% in August. Year-over-year, prices rose 4.2%.