Redfin reported that in the four-week period ending October 22nd, new listings of existing homes for sale increased 0.3% year-over-year.
Wood Markets News
Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in September
Personal income (PI) increased 0.3% month-over-month in September; disposable personal income (DPI) increased 0.3%; and personal consumption expenditures (PCE) increased 0.7%.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for October
The University of Michigan Index of Consumer Sentiment declined to a reading of 63.8 in October, down from 67.9 in September. This is a month-over-month decline of 6.0%.
Canadian Payroll Employment Data for August
The number of employees receiving pay and benefits from their employer declined by 46,800, or 0.3%, in August, following minimal changes in July.
Mortgage Rates Move Higher for Seventh Consecutive Week
For the week ending October 26th, the 30-year fixed-rate mortgage averaged 7.79%, up from 7.63% a week earlier, Freddie Mac reported.
US Pending Home Sales Up 1.1% Month-Over-Month in September
The National Association of Realtors® Pending Home Sales Index increased 1.1% in September from August to a reading of 72.6.
Mortgage Application Payments Decline Slightly in September
The national medium payment applied for by applications declined from $2,170 in August to $2,155 in September, the Mortgage Bankers Association reported.
Copenhagen’s Henning Larsen Designs Pioneering Mass Timber Building in the Netherlands
Henning Larsen, a Copenhagen-based architecture studio, and fashion company Bestseller have designed a pioneering mass timber headquarters in the Netherlands, according to designbloom.
Real GDP Increases at an Annual Rate of 4.9% in Q3, BEA Reports in Its “Advance” Estimate
US real GDP increased at an annual rate of 4.9% in Q3, up from increase of 2.1% in Q2, according to the “advance” estimate by the Bureau of Economic Analysis.
US Weekly Jobless Claims Climb Higher in the Week Ending October 21st
The advance figure for seasonally adjusted initial claims was 210,000 during the week ending Saturday, October 21st, an increase of 10,000 from the previous week.