Housing

Pending home sales fell 2.6% to an index reading of 102.1 in October, after a revised 0.7% rise to 104.8 in September.

Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.

Existing home sales were up 1.4% to a seasonally adjusted 5.22 million-unit rate in October from an unrevised 3.4% decline to a 5.15 million sales pace the previous month.

U.S. new-home construction picked up in October on a rebound in apartments and other multifamily housing.

Builders’ confidence in the market for new single-family homes fell as the National Association of Home Builders' housing market index dropped to 60 in November from 68 in October.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.8% annual gain in August, down from 6.0% in July.

Pending home sales climbed 0.5% to an index reading of 104.6 in September, after a revised 1.9% fall to 104.1 in August.

U.S. purchases of new homes fell more than estimated in September to the weakest pace since December 2016.

U.S. new-home construction fell in September on a decline in the South that may reflect disruptions from Hurricane Florence.

Builders’ confidence in the market for new single-family homes climbed in October.