The number of employees receiving pay and benefits increased 0.3% in March, or 51,400 positions, following an increase of 0.1%, or 14,600, in February.
News in end use
Mortgage Applications Decline in the Week Ending May 24th
Mortgage loan application volume decreased 5.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.3% compared with the previous week.
S&P CoreLogic Case-Shiller US National Home Price NSA Index Posts 6.5% Annual Gain in March
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported an annual gain of 6.5% in March, following a 6.5% increase in February.
US Consumer Confidence Index Moves Higher in May, Ending Streak of Three Consecutive Declines
The Consumer Confidence Index® increased to 102.0 (1985=100) in May, up from an upwardly revised April reading of 97.5.
FHFA House Price Index Up 6.6% Year-Over-Year in Q1
The FHFA House Price Index rose 6.6% between 2023Q1 and 2024Q1. Prices were up 1.1% compared to 2023Q4.
Canadian Industrial Product and Raw Materials Price Indexes for April
Lumber and other wood products had the largest downward impact on the IPPI’s month-over-month movement in April, falling 1.3%.
BC Moves to Streamline and Standardize the Local Building Permit Process
BC announced a new digital Building Permit Hub to help streamline the permitting process and to get more homes built faster.
Dodge Construction Network Reports Construction Starts Rose 6% in April
Dodge Construction Network reports that total construction starts rose 6% in April to a seasonally adjusted annual rate of $1.13 trillion.
US Apartment Investment Continues to Drop in Q1
According to MSCI Real Capital Analytics, nearly 1,040 apartment properties changed hands at a value of $20.6 billion in Q1.
US Median Home-Sale Price Hits New High in Four-Week Period Ending May 19th
During the four-week period ending May 19th, the median US home-sale price hit a record $387,600, Redfin reported.