The NAHB/Wells Fargo Housing Market Index revealed that builder sentiment in the market for newly built single-family homes rose to 40 in April, up one point from March.
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Bank of Canada Holds Interest Rates Steady Amid Trade Uncertainty
The Bank of Canada left its benchmark interest rate unchanged as it awaits a clearer picture of how global trade uncertainty will impact Canada, the Canadian Press reported.
ABC Backlog Indicator Rises in March, Already Reflecting Tariff Impacts
The ABC Construction Backlog Indicator increased to 8.5 months, up 0.3 months from a year ago.
Mortgage Applications Decline in the Week Ending April 11
Mortgage loan application volume decreased 8.5% on a seasonally adjusted basis from one week earlier, MBA reported.
Fannie Mae Panel Expects Slower Home Price Growth in 2025 and 2026
A panel of more than 100 housing experts forecasts home price growth to average 3.4% in 2025 and 3.3% in 2026, Fannie Mae reported.
Canadian Housing Starts Fall 3.3% in March
Housing starts in Canada declined 3.3% in March to 214,155 units (SAAR), CMHC reported.
Canadian Housing Demand and Home Prices Continue to Trend Lower in March
Sales activity sank 4.8% in March, CREA reported. Home sales are now down 20% from their recent high recorded last November.
Canadian Consumer Price Index Moderates in March
The all-items CPI increased 2.3% year-over-year in March, down from a 2.6% increase in February.
US Median Asking Rent Trends Lower Year-Over-Year in March
The median US asking rent fell 0.6% year-over-year to $1,610 in March but rose 0.4% month-over-month, Redfin reported.
US Remodeling Market Sentiment Declines in Q1
The NAHB/Westlake Royal Remodeling Market Index declined 5 points to 63 in Q1.