News in end use

The Conference Board Consumer Confidence Index® (CCI) declined to a reading of 100.4 (1985=100) in June, down from 101.3 in May.

The total number of loans in forbearance as of May 31st was 0.21% of servicers’ portfolio volume, according to the Mortgage Bankers Association.

The Canadian Consumer Price Index (CPI) increased 2.9% year-over-year in May, up from a 2.7% gain in April.

Freddie Mac expects the US economy to continue to cool as consumers adjust their spending in response to higher interest rates.

Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listing of for-sale homes are on the rise, the ESR Group said.

To comfortably afford a typical US home, a home buyer making the median income needs to put down nearly $127,750, according to Zillow.

The Conference Board Leading Economic Index® decreased 0.5% to a reading of 101.2 in May, following a 0.6% decrease in April.

Total existing-home sales declined 0.7% in May from April to a seasonally adjusted annual rate of 4.11 million, MBA reported.

Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,277,000. This is 5.5% below the revised April estimate of 1,352,000.