The housing market continues to weaken as we head to the end of the year. September numbers are now out, and the National Association of Home Builders market index fell to its lowest level since June 2012. The index of prospective buyers fell to its lowest level since April of the same year.
Regionally speaking the biggest decline came in the west, falling 10 points in just one month. Midwest fared better but still down five percents while the sunbelt across the south here from California all the way to Florida was down but only two points. This is the bottom-line report.
Corporate earnings reports continue next week. Some major ag companies reporting including Eli Lilly, Smithfield Foods, Corteva and AGCO Corporation.
Audio Reporting by Mark Oppold for Southeast AgNet.