The 54.3% index puts the services economy into expansion territory for the eighth time in 2025. But the products PMI index contracted in October, largely continuing a more than two-year contraction period.

As the market shifts in buyers’ favor, veterans and service members are taking advantage of low‑down-payment options.

Multifamily demand defies oversupply fears, driven by unaffordability in the homebuying market and a sharp slowdown in new construction.