During the four-week period ending on July 21st, the typical US homebuyer’s monthly housing payment was $2,671, Redfin reported.
News in end use
US Housing Share of GDP Remains Above 16% Despite Declines in Residential Investment
Housing’s share of the US economy stayed level at 16.1% in Q2, according to the BEA and NAHB.
US Personal Income and Outlays for June
Personal consumption expenditures (PCE) increased $57.6 billion, or 0.3%.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for July
The University of Michigan Index of Consumer Sentiment declined to a reading of 66.4 in July, down from 68.2 in June. This is a month-over-month decline of 2.6%.
US Real GDP Increases at an Annual Rate of 2.8% in Q2, BEA Says in “Advance” Estimate
Real GDP increased at an annual rate of 2.8% in Q2, following an increase of 1.4% in Q1.
Delinquency Rates for Mortgages Backed by Commercial Property Decline Slightly in Q2
MBA released the results of its latest commercial real estate finance (CREF) Loan Performance Survey.
US Fixed-Rate Mortgages Little Changed in the Week Ending July 25th
The 30-year fixed-rate mortgage averaged 6.78%, up from last week when it averaged 6.77%, Freddie Mac reported.
US Weekly Initial Jobless Claims Decline in the Week Ending July 20th
The advance figure for seasonally adjusted initial unemployment claims was 235,000, a decrease of 10,000 from the previous week.
Canadian Employment Up for Fifth Consecutive Month in May
The number of Canadian employees receiving pay and benefits from their employer increased by 41,000, or 0.2%, in May. This was the fifth consecutive monthly increase.
New US Residential Single-Family Home Sales Decline in June
New residential single-family home sales were at a SAAR of 617,000, 0.6% below the revised May rate and 7.4% below the June 2023 rate.