News in end use

The Index of Consumer Sentiment increased to a reading of 76.9 in February, down from 79.0 in January. This is a month-over-month decline of 2.7% but up 14.9% year-over-year (66.9 in February 2023).

Read GDP inched 0.2% higher in 2023Q4, following a 0.1% decline in Q3.

The National Association of Realtors Pending Homes Sales Index declined 4.9% month-over-month to a reading of 74.3.

Personal income increased 1.0% month-over-month in January; disposable personal income increased 0.3%; and personal consumption expenditures increased 0.2%.

The 30-year fixed-rate mortgage averaged 6.94%, up from last week when it averaged 6.90%, Freddie Mac reported.

The advance figure for seasonally adjusted initial unemployment claims was 215,000 during the week ending February 24th, an increase of 13,000 from the previous week.

Mortgage loan application volume decreased 5.6% on a seasonally adjusted basis from one week earlier, the MBA reported.

As of December 2023, the US housing market gained $2.4 trillion in value over the last year, bringing its total value to $47.5 trillion, Redfin reported.

US real GDP increased at an annual rate of 3.2% in Q4, following an increase of 4.9% in Q3.

The Federal Housing Finance Agency House Price Index® increased 0.1% month-over-month in December (seasonally adjusted).