News in end use

Canadian real GDP increased 0.2% in September, with goods-producing industries leading gains.

Canadian payroll employment fell 0.3% in September, with losses across most sectors and job vacancies rising for the first time since January 2024.

FHFA reported that its House Price Index rose 2.2% year-over-year in Q3, with prices up in 44 states and the strongest gains in the Middle Atlantic division.

Mortgage loan application volume increased 0.2% on a seasonally adjusted basis from one week earlier, MBA reported.

Nearly 85,000 US home sellers removed listings in September, up 28% year-over-year, with Redfin citing stale listings, slow demand, and reluctance to take losses.

FHFA raised the 2026 conforming loan limit to $832,750 in most of the US, with the high-cost ceiling set at $1,249,125.

The 30-year fixed-rate mortgage averaged 6.23%, down from 6.26% the previous week, Freddie Mac reported.

Initial unemployment claims declined to 216,000, down 6,000 from the previous week.

Pending home sales rose 1.9% in October but were down 0.4% from a year earlier, NAR reported.

US home prices rose 1.3% year-over-year in September, down from a 1.4% gain in August.