9月美国待售房屋销售下滑，住宅开工降至2025年9月以来低位
September data shows housing market in a deep freeze
美国9月待售房屋销售环比下降7.3%、同比下降11.3%，30年期固定按揭利率从月初约6.8%升至月底7.6%。单户住宅开工量下降4.56%至年化859,000套，为2025年9月以来最低；建筑许可环比下降4%。全国住宅建筑商协会称，10月建筑商信心指数降至14年来最低水平。
待售房屋、住宅开工和建筑许可同步走弱，呈现出高按揭利率对住房需求与建设活动的双重压力，可供判断房地产及住宅建筑相关公司的行业环境。
In an aerial view, family homes line the streets of a neighborhood on May 23, 2026 in Thousand Oaks, California.
Kevin Carter | Getty Images
Fast-rising mortgage rates in September took a harsh toll on the housing market, according to new monthly data released today.
Pending home sales, a measure of signed contracts on existing homes, dropped 7.3% from August and were down 11.3% year-over-year, according to the National Association of Realtors.
This count reflects buyers out shopping in September, when the average rate on the 30-year fixed mortgage rose sharply. It started the month around 6.8% and hit 7.6% by the end of the month, according to Mortgage News Daily.
"Although job growth and income gains can support home purchases, housing affordability is more affected by changes in mortgage rates," said Lawrence Yun, NAR's chief economist in a release.
Regionally, sales dropped across the nation but the biggest month-to-month drops were in the South (-8.2%) and West (-9.2%). The South is usually the most active market and the West is the most expensive.
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Home construction also took a hit in September. Both single-family housing starts and building permits fell much more sharply than analysts had predicted. Starts were down 4.56% to 859,000 annualized, according to the U.S. Census. That is the lowest level since September 2025. Building permits, which are a measure of future construction, fell 4% for the month.
"We expect home construction activity to remain moribund into 2027," said Ben Ayers, senior economist at Nationwide Financial in a note to investors. "Many builders are still trying to unload current projects with widespread use of price cuts and incentives cutting into profit margins. Housing starts, especially for single-family homes, could be low for much of the next year as the market adjusts to a higher rate environment – adding a modest drag to economic growth from reduced residential construction."
An October read on homebuilder sentiment Tuesday came in at the lowest level in 14 years, according to the National Association of Home Builders. Current sales, future sales expectations and buyer traffic all fell, with the latter seeing the lowest level.
"Housing remains squeezed by supply-side constraints and significant affordability challenges," said Robert Dietz, NAHB's chief economist in a release. "Demand persists, but higher mortgage rates, elevated construction costs and weaker consumer confidence are keeping more buyers on the sidelines."
来源：CNBC · cnbc.com