The advance figure for seasonally adjusted initial unemployment claims was 218,000, a decrease of 4,000 from the previous week.
News in end use
Canadian Employment Posts Modest Gain in July
The number of employees receiving pay and benefits from their employer increased 0.2% in July, following a decline of 0.1% in June.
New US Residential Single-Family Home Sales Decline 4.7% in August
New residential single-family home sales in August were at a seasonally adjusted annual rate of 716,000, down 4.7% from July.
Nearly Half of All US Existing-Home Listings Are Considered Stale, or Over 60 Days on the Market
48% of all US listings have lingered on the market for at least 60 days, the highest share for any August since 2019, Redfin reported.
Mortgage Applications Rise in the Week Ending September 20th—Fifth Consecutive Increase
Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.
US Home Affordability Improves For the First Since June 2020, Redfin Says
US homebuyers need an annual income of $115,454 to afford the median priced home, down 1.4% year-over-year and the first annual decline since June 2020, Redfin reported.
FHFA House Price Index Increases 4.5% Year-Over-Year in July
US house prices, seasonally adjusted, increased 0.1% in July. Year-over-year, house prices rose 4.5%.
S&P CoreLogic Case-Shiller Index Reports 5.0% Annual Home Price Gain in July
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 5.0% in July, down from a 5.5% annual increase in June.
US Consumer Confidence Index Declines in September
The Conference Board Consumer Confidence Index declined to 98.7 in September, down from an upwardly revised reading of 105.6 in August.
Share of Mortgage Loans in Forbearance Increases for Third Consecutive Month in August
The number of loans in forbearance increased to 0.31% of servicers’ portfolio volume as of August 31st, up from 0.27% in July, MBA reported.