The seasonally adjusted annual rate for housing starts in Canada decreased 10% month-over-month to 223,589 units in January, the CMHC reported.
News in end use
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.
US Weekly Jobless Claims Decline in the Week Ending February 10th
The advance figure for seasonally adjusted initial unemployment claims was 212,000, a decrease of 8,000 from the previous week.
Canadian Home Sales Increase 3.7% Month-Over-Month in January
Home sales recorded over Canadian MLS® Systems posted a 3.7% increase between December and January, CREA reported.
Real Estate Investors Purchased 26.1% of Low-Priced US Homes Sold in 2023Q4
Real estate investors purchased 26.1% of low-priced US homes that sold in 2023Q4, the highest share on record, Redfin reported.
Associated Builders and Contractors Construction Backlog Indicator Trends Lower in January
The Associated Builders and Contractors Construction Backlog Indicator declined to 8.4 months in January, down from 8.6 months in December.
Mortgage Applications Decline in the Week Ending February 9th
Mortgage loan application volume decreased 2.3% on a seasonally adjusted basis from one week earlier, the MBA reported.
Consumer Price Index Increases 0.3% in January; All-Item Index Up 3.1% Year-Over-Year
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in January on as seasonally adjusted basis.