News in end use

The Mortgage Bankers Association Builder Application Survey (BAS) data for August reveals that mortgage applications, year-over-year increased 33.3%.

The Canadian Real Estate Association (CREA) is reporting that Canadian homes sale set another new all-time record high in August rising 6.2% above July 2020.

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending September 11th, 2020, the Market Composite Index decreased -2.5% on a seasonally adjusted basis from one week earlier.

The latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) indicates that builder confidence in the market for newly-built single-family homes increased 5-points to a reading of 83 in September.

According to the U.S. Census Bureau, total single-family permits issued for the first seven months of 2020, nationwide totaled 525,623.

Weyerhaeuser Company announced on Monday (9/14) that the company is making an immediate donation of $ 150,000 to the Red Cross to support emergency response efforts in communities affected by wildfire in the Pacific Northwest and particularly in Oregon.

Statistics Canada reported on Friday (9/11) that Canada’s Industrial Product Price Index (IPPI) edge up 0.1% on month-over-month basis in August.

The Canadian Mortgage and Housing Corporation is reporting that in May, Canadian mortgage debt rose 6% year-over-year, the fastest annual rate since July 2017.

An in-depth study of the latest Produce Price Index (PPI) released by the Bureau of Labor Statistics (BLS) reports that the prices paid for goods used in residential construction pushed higher again in August, increasing 0.9% (not seasonally adjusted).