The Producer Price Index (PPI) for final demand, seasonally adjusted, advanced 0.2% in August.
News in end use
US Weekly Initial Jobless Claims Increase in the Week Ending September 7th
The advance figure for seasonally adjusted initial unemployment claims was 230,000, an increase of 2,000 from the previous week’s revised level.
US Consumer Price Index Increases 2.5% Year-Over-Year in August
The CPI-U increased 0.2% on a seasonally adjusted basis. Over the past 12 months, the all-items index increased 2.5% before seasonal adjustment.
Nonresidential Construction Backlog and Contractor Confidence Decline in August
The ABC Construction Backlog Indicator fell to 8.2 months in August. Year-over-year, the CBI is down 1.0 months.
Mortgage Applications Rise in the Week Ending September 6th—Third Consecutive Increase
Mortgage loan application volume increased 1.4% on a seasonally adjusted basis from one week earlier, MBA reported.
Commercial Mortgage Delinquencies Increase in Q2
MBA reported that commercial mortgage delinquencies increased in Q2, according to the latest data from its Commercial Delinquency Report.
Mortgage Credit Availability in August Reaches Highest Level Since July 2022
The MBA Mortgage Credit Availability Index increased 0.9% to a reading of 99.0 in August.
US Asking Rents Increase 0.9% Annually in August
The median US asking rent rose 0.9% year-over-year in August to $1,645—the biggest annual increase since April 2023—Redfin reported.
NFIB Small Business Optimism Index Declines in August, Erasing July’s Gains
The NFIB Small Business Optimism Index decreased by 2.5 points to a reading of 91.2 in August, erasing July’s gains.
Fannie Mae Home Purchase Sentiment Index® Inches Higher in August Thanks to Lower Mortgage Rates
The HPSI increased 0.6 points to a reading of 72.1 in August, as consumers reported greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment.