US private residential construction spending fell 1.3% in July to $859.0 billion (SAAR), marking its fourth consecutive monthly decline, the Census Bureau and NAHB reported.
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US Existing-Home Listings Reach Four-Year High
New US home listings rose 2.1% from a week earlier during the four weeks ending August 30, reaching their highest level in four years, Redfin reported.
Canadian Employment Falls by 42,000 in August; Unemployment at 6.4%
Canadian employment fell by 42,000 in August, while the unemployment rate held steady at 6.4%, following three consecutive monthly declines.
US House Prices Rise 2.1% Year-Over-Year in Q2
US house prices rose 0.3% in Q2 and 2.1% year-over-year, the FHFA and NAHB reported.
US Mortgage Rates Climb in the Week Ending September 3
The 30-year fixed-rate mortgage averaged 6.71%, up from 6.65% the previous week, Freddie Mac reported.
US Job Cuts Rise in August
US employers announced 52,881 job cuts in August, up 58% from July but down 38% from a year ago, CG&C reported.
US Weekly Initial Jobless Claims Trend Higher in the Week Ending August 29
The advance figure for seasonally adjusted initial unemployment claims was 206,000, an increase of 2,000 from the previous week.
US Construction Job Openings Increase in July
US construction job openings rose to 326,000 in July, up from 298,000 in June and 305,000 a year earlier.
Bank of Canada Holds Overnight Rate at 2.25%
The Bank of Canada held its overnight rate at 2.25%, citing increased inflation risks, trade uncertainty, and continued excess supply in the economy.
US Mortgage Applications Rise in the Week Ending August 28
Mortgage loan application volume increased 0.8% on a seasonally adjusted basis from one week earlier, MBA reported.