News in end use

The NAHB/Wells Fargo Housing Market Index showed builder sentiment in the market for newly built single-family homes fell 1 point from June to a reading of 42 in July.

The total number of homes on the market has risen throughout the year, ticking up 4% from May to June to stand nearly 23% above last year’s low level, Zillow reported.

The Canada Mortgage and Housing Corporation (CMHC) reported that the trend in housing starts was 247,205 units in June.

The Canadian Consumer Price Index (CPI) for June increased 2.7% year-over-year, down slightly from the 2.9% gain in May.

A US homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11th, Redfin reported.

72.4% of new single-family homes started in 2023 were built on slab foundations, 16.6% were built with full or partial basements, and 9.9% with crawl spaces, according to the Census Bureau and NAHB.

A closer look at the U.S. Bureau of Labor Statistics (BLS) Producer Price Index (PPI) for June, which was released […]

Statistics Canada (StatsCan), reported on Friday (7-12-24), that the total value of building permits was in May was $11.7 billion […]

The Canadian Real Estate Association (CREA) reported on Friday (7-12-24), that that home sales activity recorded over Canadian MLS® Systems […]

The Bureau of Labor Statistics (BLS) reported on Friday (7-12-24), that the Producer Price Index (PPI) for final demand, seasonally […]