Slightly conflicting reports illustrate the present state of the U.S. housing market, with a rebound in existing-home sales and pricing offset by a notable decline in new home construction activity. Following September’s 14-year low, the National Association of Realtors (NAR) reported that existing-home sales rose in October, marking the first annual gain in over three years. A recent Zillow report projects that home values will hold steady while rent growth softens. However, according to a November 26th Calculated Risk report, new construction home sales decreased sharply to a 610,000 annual rate in October.