News in end use

For the four-week period ending on February 18th, new home listings rose 10% year-over-year—the biggest increase in two months, Redfin reported.

The National Association of Home Builders Multifamily Market Survey’s Multifamily Production Index was at reading of 41 in 2023Q4—below the break-even point of 50.

Ottawa is adding $2 billion (CAD) in financing to the BC Build initiative aimed at fast-tracking the construction of middle-income rental housing, The Canadian Press News reported.

US existing-home sales recorded a 3.7% month-over-month increase in January to a seasonally adjusted rate of 4.00 million homes, NAR reported.

The 30-year fixed-rate mortgage averaged 6.90%, up from last week when it averaged 6.77%, Freddie Mac reported.

The advance figure for seasonally adjusted initial unemployment claims was 201,000, a decrease of 12,000 from the previous week.

The median single-family square floor area came in at 2,156 square feet in 2023Q4, the lowest level since the beginning of 2010, the Census Bureau and NAHB reported.

The Redfin Home Price Index climbed 0.5% month-over-month in January, replicating the 0.5% gain in both December and November.

StatCan reported that the New-Home Price Index declined 0.1% lower month-over-month in January.