New Home Sales & Permits Down: What's Next for the Housing Market?

Key Takeaways New home sales rose year over year, but supply indicators weakened in October 2025.Building permits and housing starts declined, signaling cautious builder activity.Lower mortgage rates lifted buyer interest, but macro pressures constrained supply.The U.S. housing market is still navigating choppy waters, especially on the supply side, as evidenced by the new residential sales and building permits data. After a pause of approximately four months, primarily due to the federal government shutdow ...