News in end use

Single-family attached starts totaled 43,000 units in Q3, 16% higher than 2022Q3, according to the Census Bureau and NAHB.

The unemployment rate was unchanged in September, holding at 5.5% for the third month in a row. This follows an increase of 0.5 percentage points from April to July.

Mortgage applications for new home purchases increased 6.0% month-over-month and 39.7% year-over-year, the Mortgage Bankers Association reported.

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.

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.