America's housing market "keeps humming along", says Paul La Monica for CNN Business. Builders' sentiment in October reached its highest level since February 2018, according to the National Association of Home Builders. With the Federal Reserve cutting interest rates, cheaper mortgages are likely to prompt more young renters to buy.
America is still far from a repeat of the mid-2000s boom that gave the world the sub-prime crisis. The data paints a picture of only "modest strength", says Laura Kusisto for The Wall Street Journal. The average national home price rose 3.2% in the year to the end of August.
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