News in end use

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.

Home sales recorded over Canadian MLS® Systems declined 1.7% between March and April, coming in a little below the 10-year average, CREA reported.

The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.5% in April. This follows a 0.1% decline in March and an advance of 0.6% in February.

The prices of goods used in residential construction, less energy, increased for the sixth consecutive month in April, the BLS and NAHB reported.

Mortgage applications for new-home purchases increased 22.1% month-over-month and 2.0% year-over-year, MBA reported.