New listings dropped 1.2% month-over-month in January (seasonally adjusted), Redfin reported.
News in end use
US Townhouse Starts Climb 27% Year-Over-Year in 2024Q4
Single-family attached starts totaled 47,000 units in 2023Q4, a 27% increase from 2022Q4, the Census Bureau and NAHB reported.
US Housing Starts, Building Permits, and Completions All Decline Month-Over-Month in January
Privately‐owned housing starts in January were at a SAAR of 1,331,000, 14.8% below the revised December estimate.
Mortgage Applications for New-Home Purchases Soar in January
Mortgage applications for new-home purchases increased 38.0% month-over-month and 19.1% year-over-year in January, the MBA reported.
Producer Price Index for Final Demand Increases Month-Over-Month and Year-Over-Year in January
The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.3% in January, the BLS reported.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for February
The University of Michigan Index of Consumer Sentiment increased 0.8% month-over-month to a reading of 79.6 in February.
Canadian Housing Starts Trend Lower in January
The seasonally adjusted annual rate for housing starts in Canada decreased 10% month-over-month to 223,589 units in January, the CMHC reported.
US Builder Confidence Trends Higher for Third Consecutive Month in February
The National Association of Home Builders/Wells Fargo Housing Market Index increased 4 points to a reading of 48 in February.
Canadian Investment in Building Construction Data for December, 2023Q4, and 2023
Investment in building construction in Canada inched 0.3% higher month-over-month in December to $19.8 billion (CAD).
Fixed-Rate Mortgages Move Higher in the Week Ending February 15th
The 30-year fixed-rate mortgage averaged 6.77%, up from last week when it averaged 6.64%, Freddie Mac reports.