Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), declined 0.4% month over in November. This follows a 0.9% decrease in October.
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Canadian Consumer Price Index Increases 3.1% Year-Over-Year in November
The Canadian Consumer Price Index (CPI) increased 3.1% year-over-year in November, following a similar 3.1% increase in October.
US Builder Confidence Moves Higher on Lower Mortgage Interest Rates in December
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) shows that builder sentiment in the market for newly built single-family homes increased 3 points to a reading of 37 in December.
Lower Mortgage Rates Stimulate Existing-Home Market in November
New existing-home listings increased 1.3% month-over-month to the highest level since October 2022, on a seasonally adjusted basis, and 0.1% year-over-year, Redfin reported.
Investment in Canadian Building Construction Increases 2.7% Month-Over-Month in October
Investment in Canadian building construction increased 2.7% month-over-month to $19.4 billion (CAD) in October. Investment in residential building rose 3.9% to $13.4 billion.
Canadian New-Home Prices Declined Month-Over-Month and Year-Over-Year in November
StatCan’s national new-home price index declined 0.2% month-over-month in November. Prices were down or unchanged in 25 of the 27 census metropolitan areas.
Canadian Housing Starts Fall Month-Over-Month in November, but 6-Month Average Ticks Up
The Canada Mortgage and Housing Corporation announced that the six-month trend in housing starts was 0.7% higher month-over-month in November, with 257,777 units reported.
National Association of Realtors Predicts Increased Existing-Home Sales and Improved Conditions for Homebuyers in 2024
National Association of Realtors® Chief Economist Lawrence Yun presented several predictions for 2024 at NAR’s Real Estate Forecast Summit: The Year Ahead.
Thirty-Year Fixed Mortgage Rates Fall Below 7%
The 30-year fixed-rate mortgage averaged 6.95%, down from last week when it averaged 7.03%, according to Freddie Mac.
US Building Materials Costs in Residential Construction Creep Higher in November
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.