News in end use

Mortgage loan application volume decreased 4.77% on a seasonally adjusted basis from one week earlier, MBA reported.

Annual rent growth slowed to 0.6%, the weakest September since 2009, Yardi Matrix and Multi-Housing News reported.

Fannie Mae’s Home Purchase Sentiment Index held steady at 71.4 in September but was down 2.5 points year-over-year.

Construction job openings fell to 188,000 in August, down 115,000 from July and the lowest level in nearly a decade, the BLS and ABC reported.

About 15.1% of US home-purchase contracts were canceled in August, the highest August rate since 2017, Redfin reported.

Multifamily construction took an average of 19.6 months from permit to completion in 2024, 0.3 months shorter than a year earlier, the Census Bureau and NAHB reported.

US employers announced 54,064 job cuts in September, down 37% from August, CG&C reported. Year-to-date, hiring plans hit their lowest level since 2009.

Fannie Mae’s Q3 survey shows home price growth averaging 2.4% in 2025 and 2.1% in 2026, both lower than last quarter’s expectations.

The 30-year fixed-rate mortgage averaged 6.34%, up from 6.30% the previous week, Freddie Mac reported.

Canadian construction payrolls fell by 2,200 in July, the second straight monthly decline, while job vacancies hit their lowest rate since 2017.