News in end use

As of February, the estimated median US household earns $29,448 less than it needs to afford the median-priced home, Redfin reported.

The S&P CoreLogic Case-Shiller US National Home Price NSA Index rose 6.0% year-over-year in January, up from 5.5% in December.

The Conference Board Consumer Confidence Index® declined to a reading of 104.7 (1985=100) in March, down from 104.8 in February.

New residential single-family home sales for February were at a seasonally adjusted annual rate (SAAR) of 662,000, 0.3% below the revised January rate.

Redfin reported that during the four-week period ending March 17th, the total number of US homes for sale climbed 5%, the largest year-over-year increase since May 2023.

31 states reported month-over-month employment gains in February, the BLS and National Association of Home Builders reported.

In January, the number of Canadians receiving regular Employment Insurance (EI) benefits was up 0.3%.

Existing home sales increased 9.5% month-over-month in February to a seasonally adjusted rate of 4.38 million, the National Association of Realtors reported.

The 30-year fixed-rate mortgage averaged 6.87%, up from last week when it averaged 6.74%, Freddie Mac reported.

The Conference Board’s Leading Economic Index® increased 0.1% in February, following a decline of 0.4% in January.