Total construction spending during October was estimated at a seasonally adjusted rate of $2,174.0 billion, 0.4% above the revised September estimate.
News in end use
Greystar Debuts Its First Modular US Apartment Project in Coraopolis, PA
Greystar is preparing to open its first multifamily project built with modular structural pieces completed in its Pennsylvania-based factory, CoStar News reported.
US Pending Homes Sales Increase 2.0% in October
The NAR Pending Homes Sales Index increased 2.0% month-over-month to a reading of 77.4 in October. Year-over-year, pending homes sales were up 5.4%.
US Mortgage Rates Inch Lower in the Week Ending November 27th
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%, Freddie Mac reported.
US Personal Income and Outlays for October
Personal income increased 0.6% at a monthly rate in October; disposable personal income increased 0.7%; and personal consumption expenditures increased 0.4%.
Canadian Real GDP Increases 0.3% in Q3
Canadian real GDP in Q3 increased 0.3% on a quarterly basis, after rising 0.5% in both Q1 and Q2.
US Real GDP Increases at an Annual Rate of 2.8% in Q3, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.8% in Q3, following a reported increase of 3.0% in Q2.
US Weekly Initial Jobless Claims Decline in the Week Ending November 23rd
The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 2,000 from the previous week’s revised level.
Mortgage Applications Increase in the Week Ending November 22nd—Third Straight Increase
Mortgage loan application volume increased 6.3% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Payroll Employment and Vacancy Data for September
The number of employees receiving pay and benefits from their employer declined 0.3%, or 57,400 positions, in September, following little change in August.