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.
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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.
Commercial and Multifamily Mortgage Debt Outstanding Increases by $37 Billion in Q3
In Q3, the level of commercial and multifamily mortgage debt outstanding increased 0.8% to $37.1 billion, the Mortgage Bankers Association reported.
Canadian Existing Home Sales Inch Lower Month-Over-Month and Year-Over-Year in November
The Canadian Real Estate Association announced that home sales recorded over Canadian MLS® Systems declined 0.9% from October to November.
US Weekly Jobless Claims Decline in the Week Ending December 9th
The advance figure for seasonally adjusted initial unemployment claims was 202,000 during the week ending Saturday, December 9th, a decrease of 19,000 from the previous week.