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Pending home sales fell 7.3% in September from August and 11.3% from September 2025, with declines in all four U.S. regions, according to the National Association of Realtors' Pending Home Sales report.
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Prices for building materials used in residential construction rose 0.4% in September and were up 5.5% year over year, the largest annual increase since December 2022, according to the National Association of Home Builders' analysis of the U.S. Bureau of Labor Statistics Producer Price Index.
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Rising Mortgage Rates Hold Existing-Home Sales Near Year’s Low
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