News in end use

Sales of existing US homes fell to a seasonally adjusted annual rate of 4,196,707 in April, the lowest level since October 2024, Redfin reported.

Overall construction input prices were 0.1% higher year-over-year in April, the BLS and ABC reported.

There were 34,000 custom building starts in Q1, unchanged from 2024Q1, the Census Bureau and NAHB reported.

The Index of Consumer Sentiment declined to a reading of 50.8 in May, down from 52.2 in April. This is a month-over-month decline of 2.7% and a 26.5% decrease year-over-year.

Privately owned housing starts in April were at a seasonally adjusted annual rate of 1,361,000, a 1.6% increase from the revised March estimate of 1,339,000.

Mortgage applications for new home purchases increased 2.0% in April, MBA reported. Year-over-year, applications increased 5.3%.

Commercial and multifamily mortgage loan originations were up 42% year-over-year in Q1, MBA reported.

Housing starts across all areas in Canada rose 30% in April to 278,606 units (SAAR), up from 214,205 in March, CREA reported.

The NAHB/Wells Fargo Housing Market Index reported that builder sentiment in the market for newly built single-family homes declined six points to a reading of 34 in May.

The Producer Price Index (PPI) for final demand, seasonally adjusted, decreased 0.5% in April. Unadjusted, the index for final demand rose 2.4% year-over-year.