News in end use

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® Chief Economist Lawrence Yun presented several predictions for 2024 at NAR’s Real Estate Forecast Summit: The Year Ahead.

The 30-year fixed-rate mortgage averaged 6.95%, down from last week when it averaged 7.03%, according to Freddie Mac.

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.

In Q3, the level of commercial and multifamily mortgage debt outstanding increased 0.8% to $37.1 billion, the Mortgage Bankers Association reported.

The Canadian Real Estate Association announced that home sales recorded over Canadian MLS® Systems declined 0.9% from October to November.

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.

The Associated Builders and Contractors Construction Backlog Indicator edged higher in November to 8.5 months, up from 8.4 months in October.

Mortgage loan application volume increased 7.4% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.