Builder sentiment and easing monetary policy boosted single-family construction. Multifamily fell 9.4% due to tight financing and rising apartment completions.
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Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said.
Hurricanes Helene and Milton are expected to rank among the most expensive storms, but insured losses are expected to be lower than previous storms.
Rates on 30-year mortgages rose to 6.44% from 6.32% last week, according to Freddie Mac. Rates on 15-year mortgages rose to 5.63% from 5.41%.
U.S. single-family rent prices were up by 2.4% year over year in August, the lowest rate of growth recorded since last fall, CoreLogic reported.
NAR released a new Consumer Guide focused on listing agreements to educate customers working with real estate professionals.
Returns on typical U.S. home sales remain high but dipped down quarterly and annually, ATTOM found. Median raw profits hold steady at just under $130,000.
The SBA said disaster survivors should not wait to settle with insurance companies before applying for disaster loans. Also, Milton, Helene insurance claims increased.
Operation Blue Roof, which provides free tarps for damaged homes, opened for applications, and HUD announced a 90-day foreclosure moratorium on FHA-insured mortgages.
