US Pending Home Sales m/m
It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;
This data is released about a week later than Existing Home Sales, but it's more forward-looking as a contract is signed several weeks before the home is counted as sold;
- US Pending Home Sales m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 27, 2024 | -2.1% | 0.6% | -7.7% |
May 30, 2024 | -7.7% | -1.1% | 3.6% |
Apr 25, 2024 | 3.4% | 0.3% | 1.6% |
Mar 28, 2024 | 1.6% | 1.4% | -4.7% |
Feb 29, 2024 | -4.9% | 1.4% | 5.7% |
Jan 26, 2024 | 8.3% | 2.1% | -0.3% |
Dec 28, 2023 | 0.0% | 0.8% | -1.2% |
Nov 30, 2023 | -1.5% | -1.9% | 1.0% |
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- US Pending Home Sales m/m News
- From cnbc.com|Jun 27, 2024
Some of the heat is coming out of home prices, even though they’re still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after a stagnant spring market. For the first time since the start of the Covid-19 pandemic, when home sales ground to a halt, the typical home sold for slightly less than its asking price — 0.3% lower — during the four weeks ended June 23, according to real estate brokerage Redfin. A year ago at that time the typical home was selling ...
- From nar.realtor|Jun 27, 2024
Pending home sales in May slipped 2.1%, according to the National Association of REALTORS®. The Midwest and South posted monthly losses in transactions while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 70.8 in May. Year over year, pending transactions were down 6.6%. An index of 100 is equal to the level of contract activity in 2001. “The market is at an ...
- From cnbc.com|May 30, 2024
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors. These so-called pending sales are a forward-looking indicator of closed sales one to two months later. Pending sales were 7.4% lower than in April of last year. Sales were expected to be flat compared to March. Since the count is based on signed contracts, it shows how buyers are reacting to mortgage rates in real time. The average rate on the 30-year fixed mortgage ...
- From nar.realtor|May 30, 2024|4 comments
Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 72.3 in April. Year over year, pending transactions were down 7.4%. An index of 100 is equal to the level of contract activity in 2001. "The impact of escalating interest rates throughout April dampened home buying, even with more inventory in ...
- From nar.realtor|Apr 25, 2024
Pending home sales in March climbed 3.4%, according to the National Association of REALTORS®. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Year-over-year, the Northeast and South registered decreases but the Midwest and West improved. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 78.2 in March. Year over year, pending transactions were up 0.1%. An index of 100 is equal to the level of contract activity ...
- From nar.realtor|Mar 28, 2024
Pending home sales in January grew 1.6%, according to the National Association of REALTORS®. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 75.6 in February. Year over year, pending transactions were down 7.0%. An index of 100 is equal to the level of contract activity in 2001. "While modest sales ...
- From bnnbloomberg.ca|Feb 29, 2024
Pending US sales of previously-owned homes unexpectedly declined in January by the most in five months as elevated mortgage rates kept a lid on housing demand. A gauge of contract signings from the National Association of Realtors decreased 4.9% to 74.3, after surging to an eight-month high in December. The decline was steeper than all estimates in a Bloomberg survey of economists. “This combination of economic conditions is favorable for home buying,” Lawrence Yun, NAR’s chief economist, said in a statement. “However, consumers are ...
- From nar.realtor|Feb 29, 2024|2 comments
Pending home sales in January dropped 4.9%, according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 74.3 in January. Year over year, pending transactions were down 8.8%. An index of 100 is equal to the level of contract activity in 2001. "The job market is ...
Released on Jun 27, 2024 |
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Released on May 30, 2024 |
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Released on Apr 25, 2024 |
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Released on Mar 28, 2024 |
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Released on Feb 29, 2024 |
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