Housing

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.

State Auditor Elaine Howle said the state's housing department's oversight of bond expenditures is inconsistent.

Pending home sales dropped 1.8% to an index reading of 104.2 in August, after a revised 0.8% fall to 106.1 in July.