News in end use

The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 2,000 from the previous week’s revised level.

Mortgage loan application volume increased 6.3% on a seasonally adjusted basis from one week earlier, MBA reported.

The number of employees receiving pay and benefits from their employer declined 0.3%, or 57,400 positions, in September, following little change in August.

New residential single-family home sales for October were at a SAAR of 610,000, 17.3% below the revised September rate of 738,000.

The FHFA House Price Index rose 4.3% year-over-year in Q3. When compared to Q2, prices were up 0.7%.

The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in September, down from a 4.3% increase in August.

The Conference Board Consumer Confidence Index® increased to a reading of 111.7 (1985=100) in November, up 2.1 points from 109.6 in October.

MBA’s national Purchase Applications Payment Index climbed 2.8% to a reading of 162.3 in October, up from 157.9 in September.

Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.

In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.