Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 1.2% in January, the BLS and NAHB reported.
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Investment in Canadian Building Construction Increases 1.9% in December
Investment in building construction rose 1.9% to CA$21.8 billion in December, with gains recorded across all components.
US Existing-Home Supply at 2020 High, Sales at 2020 Low
Homebuyers have the most options since 2020, but few are biting because of high monthly payments, Redfin reported.
US Mortgage Rates Inch Lower in the Week Ending February 13
The 30-year fixed-rate mortgage averaged 6.87%, down from last week when it averaged 6.89%, Freddie Mac reported.
NAHB Multifamily Market Survey Shows Mixed Results for Q4
The NAHB Multifamily Market Survey’s Multifamily Production Index (MPI) increased 7 points year-over-year to a reading of 48, still below the break-even point of 50.
US Producer Price Index for Final Demand Up 3.5% Year-Over-Year in January
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.4% in January.
US Weekly Initial Jobless Claims Decline in the Week Ending February 8
The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 7,000 from the previous week’s revised total.
US Consumer Price Index Rises 3.0% Year-Over-Year in January
The index for shelter rose 0.4% in January, accounting for nearly 30% of the monthly all items increase. The energy index rose 1.1% over the month.
US Mortgage Applications Increase in the Week Ending February 7
Mortgage loan application volume increased 2.3% on a seasonally adjusted basis from one week earlier, MBA reported.
US Existing-Home Buyers Seeing Largest Discounts in Nearly Two Years
The typical home is selling for 1.8% less than its asking price, the biggest discount in nearly two years, Redfin reported.