Canada’s CPI rose 3.0% year-over-year in July, up from 2.8% in June. Prices increased 0.5% month-over-month.
News in end use
US Builder Confidence for Newly Built Single-Family Homes Rises Slightly in August
The NAHB/Wells Fargo Housing Market Index rose one point to 35 in August. Builder sentiment has remained below 40 for 16 consecutive months.
US Builder Credit Conditions Tighten for 18th Consecutive Quarter
US builder credit conditions tightened for an 18th straight quarter in Q2, while rates rose for land acquisition and development loans, NAHB reported.
Number of US Homebuyers Drops to Record Low in July
The number of US homebuyers fell to a record low in July, and sellers outnumbered buyers by 51.3%, Redfin reported.
US Building Material Prices Rise 5.0% Year-Over-Year in July
Building material prices rose 5.0% year-over-year in July, while softwood lumber prices jumped 17.3%, the BLS and NAHB reported.
US Mortgage Delinquencies Decline Slightly in Q2
The seasonally adjusted mortgage delinquency rate fell to 4.3% at the end of Q2, while serious delinquencies rose for a fourth straight quarter, MBA reported.
University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for August
The Index of Consumer Sentiment fell to 51.0 in August, down 7.6% from July and 12.4% from a year ago.
Value of Canadian Building Permits Rises in June
The total value of Canadian building permits rose 18.5% to CA$14.9 billion in June, with residential intentions up 6.3%.
US Producer Price Index for Final Demand Holds Steady in July
US producer prices held steady in July, as higher services and construction prices offset lower goods prices. Year-over-year, prices increased 4.7%.
US Mortgage Rates Drift Lower in the Week Ending August 13
The 30-year fixed-rate mortgage averaged 6.67%, down from 6.69% the previous week, Freddie Mac reported.