News in end use

Mortgage loan application volume decreased 0.1% on a seasonally adjusted basis from one week earlier, MBA reported.

Private sector employment increased by 233,000 jobs in October, ADP reported.

The FHFA Home Price Index increased 0.3% in August. Year-over-year, prices rose 4.2%.

National vacancy rates in Q3 were 6.9% for rental housing and 1.0% for homeowner housing.

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.

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.

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.

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.

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.

Nationally, the index rose 0.2% year-over-year in September compared with an annual decline of 1.0% in September 2023.