The Canada Mortgage and Housing Corp. (CMHC) is reporting that the annual pace of housing starts in July rose nearly 16% when compared with June.
News in end use
Redfin Reports Bidding War on Homes Intensified in July
Redfin, the Seattle-based real estate brokerage is reporting that for the third straight month, more than half of its home offers faced competition (bidding war) in July.
Consumer Credit Debt Increases in June
According to the Federal Reserve’s latest G.19 Consumer Credit Report, which tracks trends in consumer credit, excluding loans secured by real estate, in June consumer credit increased at a seasonally adjusted annual rate (SAAR) of 2.6% from the month of May.
Job Opening and Labor Turnover Survey (JOLTS) for June 2020
The Bureau of Labor Statistics (BLS) has posted its Job Opening and Labor Turnover Survey (JOLTS) for June 2020. According to the JOLTS report the number of job openings increased to 5.9 million as of the last business day of June.
Residential Construction Employment Increases Again in July
A deeper look at the Bureau of Labor Statistics (BLS) Employment Situation report for July 2020, shows that total nonfarm payroll employment rose by 1.8 million in July.
Fannie Mae is Reporting Consumer Confidence in Housing Dipped in July.
According to the latest Fannie Mae Home Purchasing Sentiment Index® (HPSI) consumer confidence, in housing dipped 2.3 points in July, to a reading of 74.
Commerce Department Announces Preliminary Determination in their Antidumping Duty Investigation of Wood Mouldings and Millwork Products into the U.S. from China but not Brazil
The U.S. Department of Commerce (Commerce) announced its preliminary determination in the antidumping duty (AD) investigation of imports of wood mouldings and millwork products from China.
Nonfarm Payroll Employment Increases by 1.8 million in July
The U.S. Bureau of Labor Statistics (BLS) is reporting that total nonfarm payroll employment rose by 1.8 million in July.
FEA’s Weekly Order Survey Respondents are Reporting Their Sales Continue to Accelerate
Dealers responding to this week’s Weekly Order Survey remain positive about their current business’ status and are reporting that their sales continue to accelerate.
Housing Affordability Hits 18-Month Low in Second Quarter of 2020
According to the National Association of Home Builders (NAHB) /Wells Fargo Housing Opportunity Index (HOI), housing affordability declined in the second quarter of 2020.