The National Association of Home Builders/Wells Fargo Housing Market Index held steady at a reading of 51 in April.
News in end use
US Residential Building Materials Costs Continue to Climb in March
The prices of goods used in residential construction, less energy, increased for the fifth consecutive month in March, the BLS and NAHB reported.
Canadian Existing-Home Sales Inch Higher Month-Over-Month in March
CREA reported that home sales recorded over Canadian MLS® Systems inched 0.5% higher month-over-month.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for April
The University of Michigan Index of Consumer Sentiment declined 1.9% month-over-month but rose 22.3% year-over-year in April.
Fixed-Rate Mortgages Climb Higher in the Week Ending April 11th
The 30-year fixed-rate mortgage averaged 6.88%, up from last week when it averaged 6.82%, Freddie Mac reported.
Remodeling Market Sentiment Remained High in Q1
The NAHB/Westlake Royal Remodeling Market Index dipped a single point to a reading of 66 when compared to 2023Q4.
US Producer Price Index for Final Demand Increases Month-Over-Month and Year-Over-Year in March
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.2% in March, following a 0.6% increase in February.
US Weekly Jobless Claims Decrease in the Week Ending April 6th
The advance figure for seasonally adjusted initial unemployment claims was 211,000, a decrease of 11,000 from last week’s revised level.
Canadian Building Permits Increase in February
The total value of building permits in Canada increased 9.3% month-over-month to $11.8 billion (CAD) in February. Residential permits increased 7.4% to $7.1 billion.
Mortgage Applications Rebound in the Week Ending April 5th
The Mortgage Bankers Association Market Composite Index increased 0.1% on a seasonally adjusted basis from one week earlier, ending four consecutive weeks of declines.