Construction sector employment (both residential and nonresidential) increased in 26 states in December. Overall, the industry added a net 8,000 jobs.
News in end use
US Mortgage Applications Decline in the Week Ending January 24
Mortgage loan application volume decreased 2.0% on a seasonally adjusted basis from one week earlier, MBA reported.
FHFA House Price Index Rises 4.2% Year-Over-Year in November
FHFA reported that according to its seasonally adjusted House Price Index, US home prices rose 0.3% in November. Year-over-year, prices rose 4.2%.
US Consumer Confidence Index Declines for Second Consecutive Month in January
The Consumer Confidence Index declined 5.4 points to a reading of 104.1 in January. December’s reading was revised up by 4.8 points to a reading of 109.5.
S&P CoreLogic Case-Shiller Index Reports 3.8% Annual Gain in US Home Prices in November
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.8% in November, up from a gain of 3.6% in October.
US New Residential Single-Family Home Sales Increase 3.6% in December
New residential single-family home sales for December were at a seasonally adjusted annual rate of 698,000.
Canadian Real Estate Association Forecasts Rebound in Existing-Home Sales in 2025
CREA recently released its updated existing-home sales forecast for 2025, but it was little changed from the fall 2024 outlook.
US Existing-Home Sales Rise 2.2% in December
Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million.
University of Michigan Releases the Final Results of Its Consumer Sentiment Index for January
The University of Michigan’s Index of Consumer Sentiment declined to a reading of 71.1 in January, down 3.9% from December.
Canadian New-Home Prices Fall 0.1% in December
Canada’s New Housing Price Index declined 0.1% but increased 0.1% year-over-year in December.