The price of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI) increased 0.7% on a monthly basis in February.
News in end use
Canadian Existing-Home Sales Decline 3.1% Month-Over-Month in February
Home sales recorded over Canadian MLS® Systems posted a 3.1% decline between January and February, CREA reported.
Canadian Housing Starts Climb 14% Month-Over-Month in February
Housing starts for all areas in Canada increased 14% month-over-month to a SAAR of 253,468 units in February, the CMHC reported.
Commercial and Multifamily Mortgage Debt Outstanding Increases in 2023Q4
The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was 2.8% higher than at the end of 2022, the MBA reported.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for March
The University of Michigan Index of Consumer Sentiment declined slightly to a reading of 76.5, down from 76.9 in February.
US Building Materials Costs in Residential Construction Continue to Trend Higher in February
The prices of goods used in residential construction, less energy, increased for the fourth consecutive month in February, the BLS and NAHB reported.
Associated Builders and Contractors Construction Backlog Indicator Moves Lower in February
The Associated Builders and Contractors Construction Backlog Indicator declined to 8.1 months in February, down from 8.4 months in January.
Fixed-Rate Mortgages Continue to Move Lower in the Week Ending March 14th
The 30-year fixed-rate mortgage averaged 6.74%, down from last week when it averaged 6.88%, Freddie Mac reported.
Producer Price Index for Final Demand Increases Month-Over-Month and Year-Over-Year in February
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.6% in February. This follows a 0.3% increase in January.
US Weekly Jobless Claims Inch Lower in the Week Ending March 9th
The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending March 9th, a decrease of 1,000 from last week.