New home sales collapse in September in US
During September sales of new single-family homes in the US fell to a rate of 468,000, 11.5% below the revised August rate of 529,000. Quicken Loans Vice President, Bill Banfield said that the housing market as a whole looks promising, however, the lack of inventory pushing prices up is a concern. No regions saw a monthly gain from August but the South and the West saw gains on an annual basis. 

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