News in end use

There were approximately 18,000 single-family built-for-rent starts during Q1, 20% higher than 2023Q1, the Census Bureau and NAHB reported.

The Conference Board Leading Economic Index® decreased by 0.6% to 101.8 (2016=100) in April, following a 0.3% decrease in March.

28 states reported month-over-month employment gains in April, the BLS and NAHB reported.

Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,360,000, 5.7% above the revised March estimate of 1,287,000.

The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%, Freddie Mac reported.

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94% of all loans outstanding at the end of Q1, MBA reported.

The advance figure for seasonally adjusted initial unemployment claims was 222,000, a decrease of 10,000 from the previous week.

The Consumer Price Index for All Urban Consumers increased 0.3% in April on a seasonally adjusted basis, following a 0.4% increase in March.

The NAHB/Wells Fargo Housing Market Index showed that builder sentiment in the market for newly built single-family homes fell 6 points in May.

Mortgage loan application volume increased 0.5% on a seasonally adjusted basis from one week earlier, MBA reported.