The prices of goods used in residential construction, less energy, increased for the fifth consecutive month in March, the BLS and NAHB reported.
News in end use
Canadian Existing-Home Sales Inch Higher Month-Over-Month in March
CREA reported that home sales recorded over Canadian MLS® Systems inched 0.5% higher month-over-month.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for April
The University of Michigan Index of Consumer Sentiment declined 1.9% month-over-month but rose 22.3% year-over-year in April.
Fixed-Rate Mortgages Climb Higher in the Week Ending April 11th
The 30-year fixed-rate mortgage averaged 6.88%, up from last week when it averaged 6.82%, Freddie Mac reported.
Remodeling Market Sentiment Remained High in Q1
The NAHB/Westlake Royal Remodeling Market Index dipped a single point to a reading of 66 when compared to 2023Q4.
US Producer Price Index for Final Demand Increases Month-Over-Month and Year-Over-Year in March
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.2% in March, following a 0.6% increase in February.
US Weekly Jobless Claims Decrease in the Week Ending April 6th
The advance figure for seasonally adjusted initial unemployment claims was 211,000, a decrease of 11,000 from last week’s revised level.
Canadian Building Permits Increase in February
The total value of building permits in Canada increased 9.3% month-over-month to $11.8 billion (CAD) in February. Residential permits increased 7.4% to $7.1 billion.
Mortgage Applications Rebound in the Week Ending April 5th
The Mortgage Bankers Association Market Composite Index increased 0.1% on a seasonally adjusted basis from one week earlier, ending four consecutive weeks of declines.
Consumer Price Index Increases 0.4% in March; All-Item Index Up 3.5% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in March, seasonally adjusted, following a similar 0.4% increase in February.