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.
News in end use
Associated Builders and Contractors Construction Backlog Indicator Edges Higher in November
The Associated Builders and Contractors Construction Backlog Indicator edged higher in November to 8.5 months, up from 8.4 months in October.
Canada Plans to Ramp Up Housing Construction Using Preapproved Home Designs
Canada intends to bring back a post-war effort to ramp up housing construction by developing a catalogue of pre-approved home designs, according to reporting by CBC.
Mortgage Applications Increase for Sixth Consecutive Week
Mortgage loan application volume increased 7.4% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
Producer Price Index for Final Demand Unchanged Month-Over-Month but Up Year-Over-Year in November
The Producer Price Index (PPI) for final demand, seasonally adjusted, was unchanged in November, following a decline of 0.4% in October.
US Asking Rent Declines 2.1% Year-Over-Year in November
The median US asking rent declined 0.6% month-over-month and 2.1% year-over-year in November to $1,967, Redfin reported.
Mortgage Credit Availability Declines in November
The Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) shows mortgage credit availability declined in November.
Consumer Price Index Increases 0.1% in November; All-Item Index Up 3.1% Year-Over-Year
The Consumer Price Index for All Urban Consumers increased 0.1% in November, on a seasonally adjusted basis, after being unchanged in October.
US Total Consumer Credit Outstanding Increases in October
Total consumer credit outstanding in October reached a seasonally adjusted annual rate (SAAR) of $4.99 billion, according to a NAHB review of the Fed’s latest G.19 Consumer Credit report.
NFIB’s Small Business Optimism Index Declines in November; Pessimistic Outlook for 2024
The NFIB’s November SBOI declined 0.1 points to a reading of 90.6. This marks the twenty-third consecutive month that the SBOI has been below the 49-year average reading of 98.