New single-family home sales rose 20.5% in August to an annual rate of 800,000, with the median sales price climbing to $413,500.
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Chicago Fed Launches Interim Unemployment Report, Estimates September Jobless Rate at 4.3%
The Chicago Fed introduced a new interim unemployment report, estimating September’s jobless rate at 4.3% nearly two weeks before the official release.
US Mortgage Applications Rise in the Week Ending September 19
Mortgage loan application volume rose 0.6% on a seasonally adjusted basis from one week earlier, MBA reported.
Fannie Mae ESR Group Releases September Economic and Housing Outlook
Fannie Mae projects mortgage rates will fall to 5.9% by the end of 2026, with home sales and mortgage originations rising on the lower rate outlook.
US Commercial and Multifamily Mortgage Debt Outstanding Increases in Q2
Total commercial/multifamily mortgage debt increased by $47.1 billion (1.0%) in Q2, MBA reported.
Canadian Industrial Product and Raw Materials Price Indices for August
Canada’s IPPI rose 0.5% in August and 4.0% year-over-year, while the RMPI fell 0.6% month-over-month but gained 3.2% annually.
Investment in Canadian Building Construction Rises in July
Canadian building construction investment rose 0.4% to $22.7 billion in July. Residential investment increased $62.1 million to $16.0 billion.
US Multifamily Housing Demand Surges in Q2
The US multifamily sector absorbed 116,000 units in Q2, one of its strongest demand periods in 25 years, Cushman & Wakefield reported.
State-Level Construction Employment Data for August
Construction employment rose in 19 states in August but fell in 29, with the industry overall losing 7,000 jobs, BLS and NAHB reported.
Number of Canadians Receiving Employment Insurance Benefits Rises in July
The number of Canadians receiving regular EI benefits rose 1.2% to 552,000 in July, continuing the upward trend that began in early 2025.