Homebuilders

Applications were up 9% compared to July’s total, while the average price for newly built houses hit a record.

U.S. homebuilder sentiment rose in September amid lower lumber prices and strong housing demand.

Single-family home construction also increased across communities of all sizes, but notably in outlying metro areas.

But average loan sizes remain near record highs, with summer purchases of new constructions continuing to drive up prices.

Meanwhile, the average new-home mortgage price climbed to a new all-time high, according to the Mortgage Bankers Association.

Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.

Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.

The race enters a complicated phase that could impact financial markets.

Home starts fell more than forecast in August, reflecting less construction of apartments and a decline in the tropical storm-hit South, representing a pause in momentum for a housing market that's been a key source of fuel for the economy.

Low rates, along with increased new and existing home sales activity drives the latest forecast.