News in end use

Redfin reported on Monday that rent increases slowed in June, with the national median asking rent rising year-over-year by 14%. This is the smallest annual increase in rent since October of 2021. Between May and June, rents only increased by 0.7%, the smallest month-over-month gain since the start of the year.

The National Federation of Independent Business (NFIB), one of the largest small business associations in the U.S., reported today (7-12-22) their NFIB Small Business Optimism Index (SBOI) for June 2022. According to the report, the June SBOI fell below the 48-year average reading of 98 for the sixth consecutive month, to a reading of 89.5 in June.

Redfin reported today (7-11-22) that approximately 60,000 home-purchase agreements were canceled in June, that is equal to 14.9% of all the homes that went under contract during the month.

On Thursday (7-7-22) afternoon, Fannie Mae released its Fannie Mae Home Purchasing Sentiment Index® (HPSI) for June. According to the report, the HPSI dropped 3.4 points to a reading of 64.8. This is the second-lowest reading in a decade.

A closer look at employment in the construction sector of the U.S. Bureau of Labor Statistics (BLS) June Nonfarm Payroll […]

Statistics Canada (StatsCan) reported on July 8th that employment in Canada decreased by 43,000 or 0.2% in June. Completely eliminating […]

The U.S. Bureau of Labor Statistics (BLS) reported on July 8th that total nonfarm payroll employment increased by 372,000 in […]

A closer look at the U.S. Bureau of Labor Statistics (BLS) recently released, Job Openings and Labor Turnover Summary (JOLTS) […]

According to the latest Job Cut Report from Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and […]

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 7th , 2022. The PMMS […]