News in end use

Redfin reported that 88.5% of US homeowners with mortgages have an interest rate below 6%, down from a record high of 92.8% in mid-2022.

Home sales recorded over Canadian MLS® Systems increased 8.7% from November to December 2023, CREA reported.

The Producer Price Index for goods input to residential construction (including energy) increased 0.1% in December after increasing a revised 0.1% in November, the BLS and NAHB reported.

The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.1% in December, following a 0.1% decline in November.

In the four-week period ending January 7th, US pending home sales posted their smallest year-over-year decline in two years, Redfin reported.

The 30-year fixed-rate mortgage averaged 6.66%, up from last week when it averaged 6.62%, Freddie Mac reported.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in December on a seasonally adjusted basis, after rising 0.1% in November.

The advance figure for seasonally adjusted initial unemployment claims was 202,000 during the week ending January 6th, a decrease of 1,000.

Mortgage loan application volume increased 9.9% on a seasonally adjusted basis from one week earlier, according to the MBA.

The total monthly value of building permits in Canada decreased 3.9% month-over-month to $10.9 billion (CAD) in November.