News in end use

According to the latest report from Redfin, the Seattle-based, technology-powered real estate brokerage, for the week ending July 4, 2021, the number of newly listed homes for sale surpassed 2019 levels for the first time since the start of the year.

Formed after the closure of the Northern Pulp mill in January 2020, the Forestry Innovation Transition Trust in Nova Scotia announced it will invest $6.1 million (CAD) over four years for the Nova Scotia Community College (NSCC) to create a new Centre of Forest Innovation at its Truro, N.S. campus.

Fannie Mae on Wednesday (7-7-21) released their Home Purchasing Sentient Index® (HPSI) for June. Overall, the HPSI was little changed, decreasing by -0.3 points to a reading of 79.7. This occurred despite even greater volatility among its underlying components.

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 8, 2021. The PMMS reports that 30-year fixed-rate mortgage averaged 2.90% with an average 0.6 point, down from last week when it averaged 2.98%. A year ago, at this time, the 30-year FRM averaged 3.03%.

The U.S. Department of Labor is reporting that an additional 373,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, July 3, 2021. This is an increase of 2,000 from the previous week’s revised level. The 4-week moving average was 394,500, a decrease of 250 from the previous week’s revised average.

A deeper dive into the Bureau of Labor Statistics (BLS) May Job Openings and Labor Turnover Survey (JOLTS), provided by the National Association of Home Builders (NAHB), with a look specifically on the construction sector, reveals that the number of open construction jobs decline in May to 299,000 unfiled positions.

The U.S. Bureau of Labor Statistics (BLS) today (7-7-21) reported its Job Opening and Labor Turnover Survey (JOLTS) for May 2021. According to the JOLTS report, as of the last business day in May, the number and rate of job openings was little changed at 9.2 million.

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending July 2nd , 2021, the Market Composite Index , a measure of mortgage loan application volume decreased -1.8% percent on a seasonally adjusted basis from one week earlier.

The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased by 4 basis points from 3.91% of servicers’ portfolio volume in the prior week to 3.87% as of June 27, 2021.

According to the latest Nanos Research Group polling, conducted on behalf of Bloomberg News, Canadian consumer sentiment reached a new record high in the week ending July 2nd, 2021. The Bloomberg Nanos Canadian Confidence Index jumped to 66.4 last week, the highest reading since surveys began in 2008.