Posting on Truth Social, Trump said he plans to impose 25% tariffs on Canada and Mexico starting March 4, the AP reported.
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US 30-Year Mortgage Rates Decline to Lowest Level in Over Two Months
The 30-year fixed-rate mortgage averaged 6.76%, down from last week when it averaged 6.85%, Freddie Mac reported.
US Real GDP Increases at an Annual Rate of 2.3% in Q4, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.3% in Q4, following a reported real GDP increase of 3.1% in Q3.
US Mortgage Application Payments Rise in January
The MBA Purchase Applications Payment Index increased 3.1% to a reading of 165.9 in January, up from December’s reading of 160.8.
US Pending Home Sales Decline for Second Consecutive Month in January
The NAR Pending Homes Sales Index declined 4.6% month-over-month and 5.2% year-over-year to a reading of 70.6 in January.
US Weekly Initial Jobless Claims Climb in the Week Ending February 22
The advance figure for seasonally adjusted initial unemployment claims was 242,000, an increase of 22,000 from the previous week’s revised total.
Canadian Employment Increases in December
Payroll employment rose 0.1% (25,300) in December after declining 0.1% (14,400) in November. Year-over-year, employment was up 0.9% (158,000) in December.
New US Residential Single-Family Home Sales Decline 10.5% in January
New residential single-family home sales for January fell to a seasonally adjusted annual rate of 657,000, a 10.5% decline.
Mortgage Applications Decline in the Week Ending February 21
Mortgage loan application volume decreased 1.2% on a seasonally adjusted basis from one week earlier, MBA reported.
US Multifamily “Missing Middle” Posts Year-Over-Year Gain in Q4
There were 5,000 2- to 4-unit housing unit construction starts in 2024Q4, up 25% from 2023Q3, NAHB reported.