The NAHB/Wells Fargo Housing Market Index reported that builder sentiment in the market for newly built single-family homes declined 6 points to a reading of 34 in November.
News in end use
Mortgage Rates Move Lower for Third Consecutive Week
The 30-year fixed-rate mortgage averaged 7.44%, down from last week when it averaged 7.50%, Freddie Mac reported.
US Weekly Jobless Claims Trek Higher in the Week Ending November 11th
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.
US Building Materials Costs in Residential Construction Inch Lower in October
The prices of good used in residential construction, less energy, fell 0.1% in October, not seasonally adjusted, according to the BLS and NAHB.
Canadian Home Sales Fall Month-Over-Month in October, but Remain Slightly Higher Year-Over-Year
Home sales recorded over Canadian MLS® Systems declined 5.6% between September and October, the Canadian Real Estate Association reported.
Mortgage Applications Climb in the Week Ending November 10th, Marking Second Consecutive Increase
Mortgage loan application volume increased 2.8% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
Producer Price Index for Final Demand Declines Month-Over-Month but Rises Year-Over-Year in October
The Producer Price Index (PPI) for final demand, seasonally adjusted, declined 0.5% in October, following an increase of 0.4% in September.
Mortgage Credit Availability Increases for Third Consecutive Month in October
The Mortgage Bankers Association Mortgage Credit Availability Index (MCAI) shows mortgage credit availability increased in October.
Consumer Price Index Unchanged in October; All-Items Index Up 3.2% Year-Over-Year
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.
Canadian Rent Prices Continue to Climb Higher in October
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.