News in end use

Mortgage loan application volume decreased 2.3% on a seasonally adjusted basis from one week earlier, the MBA reported.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in January on as seasonally adjusted basis.

Commercial and multifamily mortgage loan originations were 25% lower in 2023Q4 when compared to 2022Q4, the MBA reported.

The National Federation of Independent Business Small Business Optimism Index declined 2.0 points to a reading of 89.9 in January.

The delinquency rate for mortgage loans on 1–4-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4, the MBA reported.

Lending standards loosened for all commercial real estate loan and residential real estate categories in Q4, an NAHB review of the Fed’s Senior Loan Officer Opinion Survey shows.

The median US asking rent rose 1.1% year-over-year to $1,964 in January, the largest annual increase since March 2023, Redfin reported.

The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) increased 0.7% to a reading of 92.7 in January.

Employment in Canada increased by 37,000 in January, following three consecutive months with little change.