News in end use

In a deeper dive into the latest analysis of the NAHB Geography Index, single-family construction was shown to be growing at a faster pace in regions with lower population density.

According to the Bureau of Labor Statistics (BLS) total nonfarm payroll in May rose by 2.5 million and the unemployment rate declined to 13.3%.

Many dealers are reporting that better than anticipated sales for April and May, have given way to a somewhat slower pace to start June.

The U.S. Department of Labor is reporting that an additional 1.877 million Americans made their initial filing for unemployment benefits during the week ending on Saturday, May 30th.

Freddie Mac has released its Primary Mortgage Market Survey for the week ending June 4th, 2020. The PMMS shows that 30-year fixed-mortgage rate averaged 3.18% with an average 0.7 point.

According to the latest NAHB Home Building Geography Index, residential construction activity is expanding at a more rapid pace in lower density markets, such as smaller cities and rural areas.

In a poll conducted on May 26-28, by Reuters, 23 out of the 24 Canadian economists polled said they expected the Bank of Canada will hold interest rates at a record low of 0.25% until at least the end of 2021.