The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 4.2% in August, down from a 4.8% increase in July.
News in end use
Higher Mortgage Rates Are Reducing Homebuyers’ Purchasing Power
A homebuyer on a $3,000 monthly budget has lost $33,250 in purchasing power over the last six weeks, with the daily average 30-year fixed mortgage rate rising to 7% on October 28th, Redfin reported.
US Job Openings and Labor Turnover Summary for September
As of the last business day in September, the number of job openings was 7.4 million. Year-over-year, the measure was down 1.9 million. The job openings rate was 4.5%, little changed from 4.8% in August.
US Consumer Confidence Index Rebounds in October
The Conference Board Consumer Confidence Index® (CCI) increased to a reading of 108.7 in October (1985=100), up from an upwardly revised reading of 99.2 in September.
Fannie Mae Economic and Strategic Research Group Review of Home Sales Data
Existing-home sales were a bit below the ESR Group’s expectations in September. With the revisions, the new sales figure was almost exactly in line with the Group’s forecast for the quarter.
Canadian New Housing Price Index Unchanged for Second Consecutive Month in September
Nationally, the index rose 0.2% year-over-year in September compared with an annual decline of 1.0% in September 2023.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for October
The University of Michigan Index of Consumer Sentiment increased 0.6% to a reading of 70.5 in October.
US New Residential Single-Family Home Sales Increase 4.1% in September
New residential single-family home sales for September were at a seasonally adjusted annual rate of 738,000, 4.1% above the revised August rate.
US Mortgage Rates Move Higher for the Fourth Consecutive Week
The 30-year fixed-rate mortgage averaged 6.54%, up from last week when it averaged 6.44%, Freddie Mac reported.
US Weekly Initial Jobless Claims Continue to Decline in the Week Ending October 19th
The advance figure for seasonally adjusted initial unemployment claims was 227,000, a decrease of 15,000 from the previous week.