News in end use

The Consumer Price Index for All Urban Consumers increased 0.1% in November, on a seasonally adjusted basis, after being unchanged 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.

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.

Fannie Mae released its Q4 Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC.

Employment in the construction sector increased by 2,000 jobs in November, down from 25,000 new jobs in October, according to the NAHB and BLS.

The University of Michigan Index of Consumer Sentiment increased 13.2% month-over-month and 16.1% year-over-year.

Total nonfarm payroll employment increased by 199,000 in November, and the unemployment rate declined by 0.2% to a reading of 3.7%.

The total value of building permits in Canada, led by gains in the non-residential sector, increased 2.3% from September to $11.2 billion (CAD) in October.

The Fannie Mae Home Purchase Sentiment Index® declined 0.6 points in November, remaining within the bounds of the low-level plateau it established in the first half of 2023.

The 30-year fixed-rate mortgage averaged 7.03%, down from last week when it averaged 7.22%, Freddie Mac reported.