Weekly Transportation Update: Sales of new and existing homes were mixed in September

Sales of existing homes have dropped to their lowest level in nearly 14 years, while new home sales reached their highest point since May 2023. Mortgage rates have increased again, adding pressure to the housing market. In manufacturing, the aircraft sector caused a dip in durable goods orders. On the employment front, continued jobless claims have reached their highest level since late 2021. Meanwhile, diesel prices have fallen after four consecutive increases, and truck spot rates have risen across the board. However, rail traffic showed weakness in the latest week.