News in end use

The prices of goods used in residential construction, less energy, increased 0.2% in November, following a 0.4% decline in October, the NAHB and BLS reported.

In Q3, the level of commercial and multifamily mortgage debt outstanding increased 0.8% to $37.1 billion, the Mortgage Bankers Association reported.

The Canadian Real Estate Association announced that home sales recorded over Canadian MLS® Systems declined 0.9% from October to November.

The advance figure for seasonally adjusted initial unemployment claims was 202,000 during the week ending Saturday, December 9th, a decrease of 19,000 from the previous week.

The Associated Builders and Contractors Construction Backlog Indicator edged higher in November to 8.5 months, up from 8.4 months in October.

Mortgage loan application volume increased 7.4% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.

The Producer Price Index (PPI) for final demand, seasonally adjusted, was unchanged in November, following a decline of 0.4% in October.

The median US asking rent declined 0.6% month-over-month and 2.1% year-over-year in November to $1,967, Redfin reported.

The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) shows mortgage credit availability declined in November.