National Association of Home Builders (NAHB)

NAHB/Wells Fargo Housing Market Index falls 8 points; MBA says new home purchase applications fell 13.2%.

Sales increase nearly 29% from July, but the estimate may be inflated by lag in contract cancellations.

A result of elevated interest rates, supply chain disruptions, and high home prices.

Submit letter to the White House & National Economic Council urging reduction in mortgage insurance premium.

Organization says nearly 1 in 5 construction workers battle addiction.

NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.