News in end use

The 30-year fixed-rate mortgage averaged 7.44%, down from last week when it averaged 7.50%, Freddie Mac reported.

The advance figure for seasonally adjusted initial unemployment claims was 231,000 during the week ending November 11th, an increase of 13,000 from the previous week.

The prices of good used in residential construction, less energy, fell 0.1% in October, not seasonally adjusted, according to the BLS and NAHB.

Home sales recorded over Canadian MLS® Systems declined 5.6% between September and October, the Canadian Real Estate Association reported.

Mortgage loan application volume increased 2.8% on a seasonally adjusted basis, according to the Mortgage Bankers Association.

The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.5% in October, following an increase of 0.4% in September.

The Mortgage Bankers Association Mortgage Credit Availability Index (MCAI) shows mortgage credit availability increased in October.

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October, on a seasonally adjusted basis, after increasing 0.4% in September and 0.6% in August.

Data released by Rentals.ca and Urbanation shows that October’s annual rate of rent growth in Canada was down from the 11.1% jump posted in September, CKPGToday and the Canadian Press reported.

The October National Federation of Independent Business Small Business Optimism Index (SBOI) declined 0.1 points to a reading of 90.7.