US construction employment rose by 11,000 in September, as nonresidential gains offset a decline in residential construction, BLS and NAHB reported.
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One in Five US Existing-Home Sellers Cut Asking Prices
Redfin reported that 21.1% of US existing-home sellers cut asking prices in the four weeks ending September 20, up from 19.8% a year earlier.
US Residential Construction Spending Increases Across All Segments in August
US residential construction spending increased across all sectors in August, led by a 2.5% monthly gain in improvements spending, the Census Bureau and NAHB reported.
US Nonfarm Payroll Increases by 29,000 in September; Unemployment at 4.2%
US nonfarm payroll employment rose by 29,000 in September, while the unemployment rate edged up to 4.2%.
US Commercial and Multifamily Mortgage Delinquency Rates Mixed in Q2
Commercial mortgage delinquencies were mixed in Q2, with CMBS rates declining while Fannie Mae, Freddie Mac, and life company rates increased, MBA reported.
US Mortgage Rates Surge in the Week Ending October 1
The 30-year fixed-rate mortgage averaged 7.28%, up sharply from 7.03% the previous week, Freddie Mac reported.
US Construction Spending Increases in August
US construction spending rose 0.9% in August to a seasonally adjusted annual rate of $2,203.1 billion, up from $2,184.5 billion in July.
US Commercial and Multifamily Mortgage Debt Outstanding Rises in Q2
US commercial and multifamily mortgage debt outstanding rose $42.9 billion, or 0.9%, to $5.1 trillion in Q2. Multifamily debt reached $2.3 trillion.
US Weekly Initial Jobless Claims Edge Lower in the Week Ending September 26
The advance figure for seasonally adjusted initial unemployment claims was 197,000, a decrease of 1,000 from the previous week.
US Job Cuts Fall in September, Reaching Lowest September Total Since 2022
US employers announced 43,281 job cuts in September, down 18% from August and 20% from a year earlier, CG&C reported.