Mortgage loan application volume increased 2.6% on a seasonally adjusted basis from one week earlier, MBA reported.
News in end use
MBA Mortgage Credit Availability Index Increases for the Fourth Consecutive Month in April
According to the Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI), mortgage credit availability increased in April.
Fannie Mae’s Home Purchase Sentiment Index Unchanged in April as Homebuyers Adjust to Higher Mortgage Rates
The Fannie Mae Home Purchase Sentiment Index® was unchanged in April, holding at a reading of 71.9, and is showing signs of plateauing once again.
Associated Builders and Contractors Sees Additional Job Growth Potential in Nonresidential Construction in 2024
The Associated Builders and Contractors reviewed the Bureau of Labor Statistics nonfarm payroll report for April.
US Median Home-Sale Price Up 4.8% Year-Over-Year
The median sale price rose to a near-record $383,188 in the four-week period ending April 28th, up 4.8% year-over-year, Redfin reported.
US Construction Sector Employment Cools in April
Construction sector employment increased by 9,000 jobs in April, following a revised gain of 40,000 in March, the BLS and NAHB reported.
US Nonfarm Payroll Increases by 175,000 in April; Unemployment Increases to 3.9%
Total nonfarm payroll employment increased by 175,000 in April. This is below the average monthly gain of 242,000 over the prior 12 months.
Canadian GDP by Province, Territory, and Industry in 2023
For the second consecutive year, real GDP grew in every province in Canada, except Newfoundland and Labrador, albeit at a slower pace than 2022 for most areas.
Canadian Residential and Nonresidential Building Construction Costs Increased in Q1
Residential building construction costs increased 0.8% in Q1, following a 1.1% increase in 2024Q4.
Fixed-Rate Mortgages Continue to Trend Higher in the Week Ending May 2nd
The 30-year fixed-rate mortgage averaged 7.22%, up from last week when it averaged 7.17%, Freddie Mac reported.