Mortgage loan application volume increased 6.3% on a seasonally adjusted basis from one week earlier, MBA reported.
Wood Markets News
Canadian Payroll Employment and Vacancy Data for September
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 US Residential Single-Family Home Sales Tumble 17.3% in October
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.
FHFA Home Price Index Increases 4.3% Year-Over-Year in Q3
The FHFA House Price Index rose 4.3% year-over-year in Q3. When compared to Q2, prices were up 0.7%.
S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in September
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.
Ziegler Holding, Owner of One of Europe’s Largest Sawmills, Declares Insolvency
The owner of one of Europe’s largest sawmills filed for insolvency in German court last Wednesday, BR24 reported.
US Consumer Confidence Index Continues to Improve in November
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.
Mortgage Application Payments Jump 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.
Investor Home Purchases Return to Pre-Pandemic Level in Q3
Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.
“Missing Middle” Construction Hits 17-Year High in Q3
In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.