The economy grew 2% in the 3rd qtr, its slowest rate since the end of the 2020 recession. The slowdown is due to supply chain issues and reduced consumer spending.

Orders for big-ticket items dipped 0.4% in September. Durable goods orders fell for the first time since April as manufacturers grappled with supply chain bottlenecks.

Initial unemployment claims fell to a pandemic low last week as the job market continues to recover from last year's coronavirus recession.

House prices rose 19.8% year over year in August, the same as July, according to Case-Shiller. That’s the first time the annual gain hasn’t increased since early 2020.

New single-family home sales surged to a six-month high in September, but higher house prices are making homeownership less affordable for some first-time buyers.

Pending home sales fell slightly in September, possibly due to higher mortgage rates. Fewer bidding wars and more inventory in August had hinted at a cooling market.