Mortgage applications for new home purchases increased 1.0% month-over-month and 15.7% year-over-year in February, the MBA reported.
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Increases in the Canadian Consumer Price Index Continue to Moderate in February
The Canadian Consumer Price Index (CPI) increased 2.8% year-over-year in February, down marginally from a 2.9% gain in January.
US Existing-Home Listings Expand in February, Posting Largest Year-Over-Year Gain Since May 2021
New listing of existing homes increased 3.8% month-over-month on a seasonally adjusted basis in February, Redfin reported.
Investment in Canadian Building Construction Declines in January
Investment in building construction declined 0.9% to $19.7 billion (CAD) in January, with the residential component 1.4% lower at $13.6 billion.
US Builder Confidence Climbs Above Breakeven in March
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) increased 3 points to a reading of 51 in March.
Canadian Industrial Product and Raw Materials Price Indexes Post Month-Over-Month Gains in February
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.
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.