Home sales recorded over Canadian MLS Systems increased 3.8% in July, CREA reported. Transactions are up a cumulative 11.2% since March.
News in end use
US Producer Price Index Rises 0.9% in July
The Producer Price Index for final demand, seasonally adjusted, increased 0.9% in July. This follows no change in June.
Prices for Inputs to New US Residential Construction Climb in July
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—rose 0.2% in July, the BLS and NAHB reported.
US Mortgage Rates Trend Lower for Fourth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.58%, down from 6.63% last week, Freddie Mac reported.
US Weekly Initial Jobless Claims Decline in the Week Ending August 9
The advance figure for seasonally adjusted initial unemployment claims was 224,000, a decrease of 3,000.
Fannie Mae Releases Latest Mortgage Lender Sentiment Survey
Fannie Mae published the results of its latest survey, examining lenders’ experiences with eMortgage technology and their business priorities for 2025.
US Mortgage Credit Availability Increases in July
The MBA Mortgage Credit Availability Index rose 0.2% to 103.9.
US Mortgage Applications Increase in the Week Ending August 8
Mortgage loan application volume increased 10.9% on a seasonally adjusted basis. On an unadjusted basis, the Index rose 10.0%.
Value of Canadian Building Permits Declines in June
The total value of building permits fell 0.9% in June, down CA$1.2 billion to $12.0 billion. Single-family intentions fell $173.5 million to $2.4 billion.
US Consumer Price Index Rises 2.7% Year-Over-Year in July
Year-over-year, the all-items index rose 2.7% in July, matching June’s pace. The index for all items less food and energy increased 3.1%.