Canadian real GDP grew 0.6% in January, led by a rebound in educational services following the resolution of the public sector strikes in Quebec.
News in end use
US Pending Homes Sales Increase Month-Over-Month in February, but Remain Lower Year-Over-Year
The National Association of Realtors Pending Homes Sales Index was 1.6% higher month-over-month in February.
US Fixed-Rate Mortgages Inch Lower in the Week Ending March 28th
The 30-year fixed-rate mortgage averaged 6.79%, down from last week when it averaged 6.87%, Freddie Mac reported.
US Weekly Jobless Claims Decline in the Week Ending March 23rd
The advance figure for seasonally adjusted initial claims was 210,000 during the week ending March 23rd, a decrease of 2,000.
US Real GDP Increases at an Annual Rate of 3.4% in 2023Q4, BEA Reports in Its “Third” and Final Estimate
Real GDP increased at an annual rate of 3.4% in Q4, following a reported increase of 4.9% in Q3.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for March
The University of Michigan’s Index of Consumer Sentiment rose to a reading of 79.4, up from 76.9 in February.
Canada Mortgage and Housing Corporation Releases 2023 New Home Construction Recap
According to CMHC, new-home construction in Canada’s 6 largest census metropolitan areas recorded 137,915 housing starts in 2023.
Mortgage Applications Slip in the Week Ending March 22nd
Mortgage loan application volume declined 0.7% on a seasonally adjusted basis from one week earlier, the MBA reported.
Concessions Fade as US Spring Rental Season Kicks Into High Gear
With spring finally here, the share of rental listings offering tenants concessions many have peaked, Zillow reported.
January FHFA House Price Index Down Month-Over-Month but Up Year-Over-Year
The FHFA House Price Index declined 0.1% month-over-month in January. Year-over-year, prices increased 6.3%.