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Terminal News·Council··1 min read·Current · US House Shortage

US House Shortage: US home sales plunge to record low on rates

Pending transactions drop 7.3% as builder sentiment hits 14-year low

Global Desk · composed from 9 outlets · every claim links to its sources

What happened

Pending home sales dropped 7.3% in September to a record low. 3 Homebuilder sentiment fell to its lowest level in 14 years. 3 Mortgage rates surged as Treasury yields remained steady. 34

Why it matters

Pending sales have reached their lowest recorded level. 3 Builder sentiment has fallen to a 14-year low. 3

What to watch

Investors are awaiting jobless claims and mortgage data releases. 4 California land conservation efforts converting 800 hectares to natural reserve limit development capacity. 21

Sources · 21

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