The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in January on as seasonally adjusted basis.
News in end use
Commercial and Multifamily Borrowing Down 25% Year-Over-Year in 2023Q4
Commercial and multifamily mortgage loan originations were 25% lower in 2023Q4 when compared to 2022Q4, the MBA reported.
NFIB Small Business Optimism Index Trends Lower to Start 2024
The National Federation of Independent Business Small Business Optimism Index declined 2.0 points to a reading of 89.9 in January.
Mortgage Delinquencies Grow in 2023Q4
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 Commercial and Residential Real Estate Loans in 2023Q4
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.
US Asking Rents Up Year-Over-Year in January, but Less Volatile Than Pandemic Years
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.
Owens Corning Announces Acquisition of Masonite International Corporation for $3.9 Billion
Owens Corning and Masonite International Corporation have entered into an agreement under which Owens Corning will acquire all outstanding shares of Masonite for approximately $3.9 billion.
Mortgage Credit Availability Improves in January
The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) increased 0.7% to a reading of 92.7 in January.
Canadian Employment Increases in January, but Lags Population Growth
Employment in Canada increased by 37,000 in January, following three consecutive months with little change.
30-Year Fixed-Rate Mortgages Inch Higher in the Week Ending February 8th
The 30-year fixed-rate mortgage averaged 6.64%, up from last week when it averaged 6.63%, Freddie Mac reported.