The price of goods used in residential construction grew 1.7% in 2024, slightly higher than the 1.0% growth in 2023, the BLS and NAHB reported.
News in end use
US Producer Price Index for Final Demand Increases in December
The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.2% in December, following an increase of 0.4% in November.
Fannie Mae Home Price Index Rises 5.8% Year-Over-Year in Q4
The Fannie Mae Home Price Index increased 5.8% year-over-year in Q4, an acceleration from the previous quarter’s revised annual growth of 5.4%.
NFIB Small Business Optimism Index Reaches Highest Level Since October 2018
The NFIB Small Business Optimism Index increased 3.4 points to a reading of 105.1, the highest reading since October 2018.
US Construction Employment Increases in December
Employment in the construction sector increased by 8,000 jobs in December, following a matching gain in November, the BLS and NAHB reported.
Value of Canadian Building Permits Falls for Second Consecutive Month in November
The total value of building permits issued in Canada decreased 5.9%, or $739.5 million (CAD), to $11.7 billion in November.
US Nonfarm Payroll Increases by 256,000 in December; Unemployment Holds Steady at 4.1%
Total nonfarm payroll employment increased 256,000 in December, following an increase of 227,000 in November.
University of Michigan Releases Preliminary Consumer Sentiment Index for January
The University of Michigan Index of Consumer Sentiment declined to a reading of 73.2 in January, a month-over-month decline of 1.1%.
Canadian Employment Improves and Unemployment Declines in December
Employment rose 0.4%, or by 91,000 jobs, in December. The employment rate increased 0.2 percentage points to 60.8%.
US Mortgage Rates Creep Higher in the Week Ending January 9
The 30-year fixed-rate mortgage averaged 6.93%, up from last week when it averaged 6.91%, Freddie Mac reported.