The number of Canadians receiving regular employment insurance benefits increased by 3.4% (17,000) to 520,000 in April.
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Investment in Canadian Building Construction Declines in April
The total value of investment in building construction fell by 3.2% to CA$22.3 billion in April.
US Weekly Initial Jobless Claims Decline in the Week Ending June 7
The advance figure for seasonally adjusted initial unemployment claims was 245,000, a decrease of 5,000 from the previous week’s revised total.
US Housing Starts and Building Permits Decline in May
Housing starts were at a seasonally adjusted annual rate of 1,256,000 in May, 9.8% below the revised April estimate and 4.6% below the May 2024 rate.
Fed Holds Rates Steady; Still Projects Two Cuts This Year
The Federal Reserve held interest rates steady on Wednesday for the fourth consecutive meeting, Yahoo Finance reported.
US Mortgage Rates Inch Lower in the Week Ending June 18
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%, Freddie Mac reported.
US Mortgage Applications Trend Lower in the Week Ending June 13
Mortgage loan application volume decreased 2.6% on a seasonally adjusted basis from one week earlier, MBA reported.
US Builder Confidence Continues to Decline in June
The NAHB/Wells Fargo Housing Market Index declined two points to a reading of 32 in June. This marks the third-lowest reading since 2012.
US New-Home Purchase Mortgage Applications Decline 9.0% in May
Mortgage applications for new-home purchases declined by 9.0% in May, MBA reported. Year-over-year, applications decreased 4.5%.
US Commercial/Multifamily Mortgage Debt Outstanding Increases in Q1
Total commercial/multifamily mortgage debt increased by $46.8 billion (1.0%) in Q1, MBA reported.