Existing-home sales in Canada rose 0.7% in April as new listings increased and the sales-to-new listings ratio eased to 45.6%, CREA reported.
News in end use
US Weekly Initial Jobless Claims Increase in the Week Ending May 9
The advance figure for seasonally adjusted initial unemployment claims was 211,000, an increase of 12,000 from the previous week.
US Residential Construction Input Prices Rise in April
Prices for inputs to new residential construction rose 5.9% year-over-year in April, the BLS and NAHB reported.
US Multifamily Starts Decline in Q1
US apartment construction starts fell to 55,000 units in Q1, down 73% from their 2022 peak, Apartments.com and CoStar reported.
US Mortgage Rates Tick Down in the Week Ending May 14
The 30-year fixed-rate mortgage averaged 6.36%, down from 6.37% the previous week, Freddie Mac reported.
US Mortgage Credit Availability Index Falls in April
The MBA Mortgage Credit Availability Index fell 0.4% to 107.9 in April.
US Producer Price Index for Final Demand Increases 1.4% in April
US producer prices rose 1.4% in April, driven by services. Year-over-year, prices increased 6.0%.
US Mortgage Applications Rise in the Week Ending May 8
Mortgage loan application volume increased 1.7% on a seasonally adjusted basis from one week earlier, MBA reported.
US Outstanding Consumer Credit Increases in Q1
US consumer credit totaled $5.14 trillion in Q1, rising 3.25% from the prior quarter and 2.63% year-over-year, the Federal Reserve reported.
US Nonresidential Construction Employment Increases by 19,000 in April
US nonresidential construction employment increased by 19,000 positions in April, led by gains in specialty trade contractors, ABC reported.