News in end use

The University of Michigan’s Index of Consumer Sentiment rose to a reading of 79.4, up from 76.9 in February.

According to CMHC, new-home construction in Canada’s 6 largest census metropolitan areas recorded 137,915 housing starts in 2023.

Mortgage loan application volume declined 0.7% on a seasonally adjusted basis from one week earlier, the MBA reported.

With spring finally here, the share of rental listings offering tenants concessions many have peaked, Zillow reported.

The FHFA House Price Index declined 0.1% month-over-month in January. Year-over-year, prices increased 6.3%.

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.