Canadian employment rose by 75,000 jobs in July, while the unemployment rate fell 0.1 percentage points to 6.4%.
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US Multifamily Developer Confidence Slips in Q2
NAHB’s Multifamily Production Index fell 3 points year-over-year to 43 in Q2, while its Multifamily Occupancy Index fell 8 points to 74.
US Nonfarm Payroll Decreases by 23,000 in July; Unemployment at 4.1%
US nonfarm payroll employment fell by 23,000 jobs in July, and the unemployment rate fell 0.1% to 4.1%.
US Job Cuts Fall in July to Lowest Monthly Total in Two Years
US employers announced 33,429 job cuts in July, down 27% from June and 46% year-over-year, while hiring plans rose 47% to 16,095, CG&C reported.
US Mortgage Rates Increase for Fifth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.69% in the week ending August 6, up from 6.66% the previous week, Freddie Mac reported.
Income Needed to Afford Typical US Home Holds Steady in June
Americans needed $109,796 to afford the typical US home in June, down 0.5% from a year earlier, Redfin reported.
US Commercial and Multifamily Mortgage Originations Rise in Q2
Commercial and multifamily mortgage originations rose 16% year-over-year in Q2, MBA reported.
US Weekly Initial Jobless Claims Edge Higher in the Week Ending August 1
The advance figure for seasonally adjusted initial unemployment claims was 199,000, an increase of 1,000 from the previous week.
JPMorganChase to Deploy $750 Billion Through 2035 to Expand US Housing Supply
JPMorganChase plans to deploy more than $750 billion through 2035 to expand US housing supply and help 500,000 homebuyers purchase homes nationwide.
US Construction Job Openings Increase in June
Construction job openings rose to 305,000 in June from 291,000 in May, while the openings rate increased to 3.5%, the BLS and NAHB reported.