News in end use

Statistics Canada is reporting that the economy added 953,000 jobs in June.

According to the National Association of Realtors®, Market Recovery Survey, which was released on Thursday 7-9-20, 45% of NAR members are reporting that their markets are slowly starting to recover from the impacts of the COVID-19 pandemic.

According to the latest Federal Reserve’s G.19 Consumer Credit Report, which tracks consumer credit, which excludes loans secured by real estate, through May 2020, consumer credit decreased at a seasonally annual adjusted annual rate of 5.3% from the previous month.

After late last week’s pause for the 4th of July holiday, dealers responding to this week’s survey, reported an uptick in sales and deliveries to their contractor customers’ job sites.

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 9th July 2020.

The U.S. Department of Labor is reporting that an additional 1.314 million Americans made their initial filing for unemployment benefits during the week ending on Saturday July 4th.

The Canadian Mortgage and Housing Corporation (CMHC) is reporting that the seasonally adjusted annualized rate of housing starts in Canada rose by 8.3% to 211,681, from a revised 195,453 units in May.

CoreLogic, a leading provider of consumer, financial and property data, analytical and services, is predicting that in spite of home prices increasing 4.8% year-over-year in May, that home prices will stall over the summer and they estimate decline by -6.6% by May 2021.

According to Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, increased 9-points in June to a reading of 76.5.