{"id":71858,"date":"2026-09-16T11:08:16","date_gmt":"2026-09-16T15:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-update-us-housing-sentiment-hits-one-year-low-as-energy-inventories-tighten\/71858\/"},"modified":"2026-09-16T11:08:16","modified_gmt":"2026-09-16T15:08:16","slug":"market-update-us-housing-sentiment-hits-one-year-low-as-energy-inventories-tighten","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-update-us-housing-sentiment-hits-one-year-low-as-energy-inventories-tighten\/71858\/","title":{"rendered":"Market Update: US Housing Sentiment Hits One-Year Low as Energy Inventories Tighten"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Homebuilder Confidence plunged to 32 in September<\/strong>, missing estimates of 34 and marking its lowest level in a year due to high mortgage rates and labor shortages.<\/li>\n<li><strong>US <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Crude Oil<\/a> Inventories fell by 640,000 barrels<\/strong> for the week ending September 11, a smaller draw than the 1.5 million barrels expected by analysts.<\/li>\n<li><strong>Sanofi (<a href=\"\/stock\/SAN\">SAN<\/a>) inaugurated a C$925 million flu vaccine plant<\/strong> in Toronto, the largest biomanufacturing investment in Canadian history, with production slated for early 2027.<\/li>\n<li><strong>Celsius Holdings (<a href=\"\/stock\/CELH\">CELH<\/a>) Director Damon DeSantis purchased $1 million in shares<\/strong>, signaling insider confidence despite the stock trading significantly below its 52-week high.<\/li>\n<li><strong>Coinbase (<a href=\"\/stock\/COIN\">COIN<\/a>) is expanding its tokenized equities push<\/strong>, targeting the $70 trillion US stock market with fully backed digital securities on its Base layer-2 network.<\/li>\n<\/ul>\n<h2>Housing and Economic Sentiment<\/h2>\n<p>The <strong>US NAHB Housing Market Index<\/strong> fell three points to <strong>32 in September<\/strong>, significantly trailing the consensus estimate of 34. Builders cited <strong>rising mortgage rates<\/strong>, persistent labor shortages, and elevated material costs as primary headwinds. Notably, <strong>38% of builders reported cutting prices<\/strong> to stimulate demand, while <strong>66% utilized sales incentives<\/strong>, the highest share since December.<\/p>\n<p>In Europe, <strong>ECB Governing Council member Pereira<\/strong> warned that risks have risen significantly over the last few months. While Pereira noted that inflation is not yet broadening as it has in past cycles, the central bank remains vigilant regarding <strong>energy market volatility<\/strong> and its potential to trigger further interest rate hikes.<\/p>\n<h2>Energy and Commodities<\/h2>\n<p>The <strong>U.S. Energy Information Administration (EIA)<\/strong> reported a <strong>640,000-barrel decrease<\/strong> in commercial crude oil inventories for the week ending September 11. While inventories fell, the draw was less than half of the <strong>1.55 million-barrel decline<\/strong> anticipated by the market. <strong>Gasoline inventories rose by 794,000 barrels<\/strong>, contrasting with expectations for a 1.1 million-barrel draw, suggesting a cooling in seasonal fuel demand.<\/p>\n<p>Concurrently, the <strong>US Treasury&#39;s Office of Foreign Assets Control (OFAC)<\/strong> issued amended general licenses for <strong>Venezuela<\/strong>, reportedly clearing the way for aluminum shipments to the US market. This move comes alongside the removal of certain <strong>Russia-related designations<\/strong>, reflecting a shift in the administration&#39;s sanctions enforcement strategy.<\/p>\n<h2>Corporate Developments and Insider Activity<\/h2>\n<p><strong>Sanofi (<a href=\"\/stock\/SAN\">SAN<\/a>)<\/strong> officially opened its <strong>Charles Best Building<\/strong> in Toronto, a <strong>C$925 million<\/strong> facility dedicated to producing the <strong>Fluzone High-Dose<\/strong> influenza vaccine. The plant, supported by <strong>C$470 million<\/strong> in federal and provincial funding, will create 300 jobs and bolster Canada&#39;s pandemic preparedness. Production is expected to begin in early 2027 following regulatory approvals.<\/p>\n<p>In the consumer sector, <strong>Celsius Holdings (<a href=\"\/stock\/CELH\">CELH<\/a>)<\/strong> saw a significant insider move as Director <strong>Damon DeSantis<\/strong> acquired <strong>36,000 shares<\/strong> across two days for a total of <strong>$1,000,200<\/strong>. The purchase comes as the stock trades near <strong>$27.63<\/strong>, down sharply from its 12-month high of <strong>$66.74<\/strong>.<\/p>\n<p><strong>American Airlines (<a href=\"\/stock\/AAL\">AAL<\/a>)<\/strong> CEO Robert Isom expressed confidence in the carrier&#39;s guidance, despite ongoing pressure to close a multi-billion dollar profit gap with rivals Delta and United. The airline is currently undergoing a <strong>senior management reorganization<\/strong> to improve operational reliability and accelerate its &quot;premiumization&quot; strategy.<\/p>\n<h2>FinTech and Political Landscape<\/h2>\n<p><strong>Coinbase (<a href=\"\/stock\/COIN\">COIN<\/a>)<\/strong> is aggressively pursuing the <strong>tokenized equities<\/strong> market, with CEO Brian Armstrong highlighting a model where tokens represent <strong>fully backed securities<\/strong> rather than synthetic assets. The exchange recently expanded its offerings on the <strong>Base network<\/strong> to ten names, following a period where its initial batch generated over <strong>$227 million<\/strong> in decentralized exchange volume.<\/p>\n<p>On Capitol Hill, <strong>House GOP leadership<\/strong> is reportedly considering canceling tomorrow&#39;s scheduled votes to avoid a privileged vote on the <strong>Hegseth impeachment<\/strong>. Representative <strong>Thomas Massie<\/strong> introduced the articles against Defense Secretary Pete Hegseth, alleging violations of the <strong>War Powers Resolution<\/strong> regarding hostilities in Iran, creating a pre-election headache for Republican leadership.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Homebuilder Confidence plunged to 32 in September, missing estimates of 34 and marking its lowest level in 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