Pending home sales

Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that's intensifying demand for cheaper homes.

A February rise in pending home sales likely reflects a short dip in rates earlier.

Pending housing starts are disappointing and industrial production is up. Business spending was less than expected last week.