Construction News Today — October 1, 2026
Pending home sales are falling, but the slowdown isn’t hitting every market and more — today's construction signal.
The US housing market is experiencing a slowdown, with pending home sales falling, but the impact is not being felt equally across all regions. While some markets are seeing a decline in activity, others, such as those served by Texas Mortgage Source, are identifying opportunities in underserved areas, like the reverse mortgage market. This uneven landscape is also leading to changes in leadership and strategy among mortgage companies, as seen in the elevation of David Stockton to CEO at Stockton Mortgage and the appointment of a new president.
As the market adjusts to changing conditions, including slowing household growth, industry experts are warning of potential overbuilding. Ivy Zelman is cautioning against excessive construction, while others are navigating the impact of emerging technologies, such as AI, which is causing anxiety among real estate professionals. However, this anxiety is part of a familiar cycle, as the industry has previously adapted to new technologies and incorporated them into their operations. Today’s news highlights the complex and evolving nature of the housing market, and Construction News will continue to provide updates and insights on these developments.
Today's signal:
• Pending home sales are falling, but the slowdown isn’t hitting every market (housingwire.com)
• Texas Mortgage Source: Reverse is the ‘largest underserved market in the business right now’ (housingwire.com)
• Stockton Mortgage elevates founder David Stockton to CEO, names new president (housingwire.com)
• Ivy Zelman warns of overbuilding as household growth slows (housingwire.com)
• AI anxiety in real estate follows a familiar technology cycle (housingwire.com)