The count of open construction sector jobs trended lower, the BLS and NAHB reported.
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US Job Openings and Labor Turnover Summary for October
As of the last business day in October, the number of job openings was 7.7 million. Year-over-year, the measure was down 941,000.
US Private Residential Spending Rises 1.5% in October
Private residential construction spending increased 1.5% in October, the Census Bureau and NAHB reported.
US Construction Spending Increases 0.4% in October
Total construction spending during October was estimated at a seasonally adjusted rate of $2,174.0 billion, 0.4% above the revised September estimate.
Greystar Debuts Its First Modular US Apartment Project in Coraopolis, PA
Greystar is preparing to open its first multifamily project built with modular structural pieces completed in its Pennsylvania-based factory, CoStar News reported.
US Pending Homes Sales Increase 2.0% in October
The NAR Pending Homes Sales Index increased 2.0% month-over-month to a reading of 77.4 in October. Year-over-year, pending homes sales were up 5.4%.
US Mortgage Rates Inch Lower in the Week Ending November 27th
The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%, Freddie Mac reported.
US Personal Income and Outlays for October
Personal income increased 0.6% at a monthly rate in October; disposable personal income increased 0.7%; and personal consumption expenditures increased 0.4%.
Canadian Real GDP Increases 0.3% in Q3
Canadian real GDP in Q3 increased 0.3% on a quarterly basis, after rising 0.5% in both Q1 and Q2.
US Real GDP Increases at an Annual Rate of 2.8% in Q3, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.8% in Q3, following a reported increase of 3.0% in Q2.