News in end use

The number of open construction sector jobs fell from a revised 328,000 in August to a softer 288,000 in September, NAHB reported.

Mortgage loan application volume decreased 0.1% on a seasonally adjusted basis from one week earlier, MBA reported.

Private sector employment increased by 233,000 jobs in October, ADP reported.

The FHFA Home Price Index increased 0.3% in August. Year-over-year, prices rose 4.2%.

National vacancy rates in Q3 were 6.9% for rental housing and 1.0% for homeowner housing.

The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 4.2% in August, down from a 4.8% increase in July.

A homebuyer on a $3,000 monthly budget has lost $33,250 in purchasing power over the last six weeks, with the daily average 30-year fixed mortgage rate rising to 7% on October 28th, Redfin reported.

As of the last business day in September, the number of job openings was 7.4 million. Year-over-year, the measure was down 1.9 million. The job openings rate was 4.5%, little changed from 4.8% in August.

The Conference Board Consumer Confidence Index® (CCI) increased to a reading of 108.7 in October (1985=100), up from an upwardly revised reading of 99.2 in September.

Existing-home sales were a bit below the ESR Group’s expectations in September. With the revisions, the new sales figure was almost exactly in line with the Group’s forecast for the quarter.