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NAR'S YUN: HOUSING MKT "UNBALANCED";SALES...>

US DATA
US DATA: NAR'S YUN: HOUSING MKT "UNBALANCED";SALES DOWN PRICES UP
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- US SEP NAR HOME RESALES -2.2% TO 5.38M;AUG REV TO 5.50M 
- FORECAST FOR EXISTING HOMES: 5.45M
- SEP NAR 1-FAM SALES -2.6% TO 4.78M; CONDOS +1.7% TO 600K
- SEP RESALES: NE -2.8%, MW -3.1%, SOUTH -2.1%, WEST -0.9%
- NAR: SEP EXIST HOMES MEDIAN PRICE $272,100; +5.9% Y/Y RATE
- NAR: SEP EXIST HOME SUPPLY -2.7% TO 1.830M; 4.1 MOS SUPPLY 
- NAR'S YUN: MEDIAN PRICE HIGHEST PRICE GAIN SINCE JAN 2018
- NAR'S YUN: NEED CREATIVE SOLUTIONS FOR INVENTORY SHORTAGE; CONVERTING OFFICE
SPACES, SHOPPING MALLS, LARGE HOMES INTO APARTMENTS
- NAR'S YUN: POTENTIAL FOR HOUSING TO CONTRIBUTE TO GDP GROWTH AFTER 6 QTRS OF
DRAG

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