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 |
|---|---|---|---|
| Nov 27, 2024 | 2.0% | -2.1% | 7.5% |
| Oct 30, 2024 | 7.4% | 1.9% | 0.6% |
| Sep 26, 2024 | 0.6% | 0.9% | -5.5% |
| Aug 29, 2024 | -5.5% | 0.2% | 4.8% |
| Jul 31, 2024 | 4.8% | 1.4% | -1.9% |
| 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% |
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- US Pending Home Sales m/m News
From nar.realtor|Nov 27, 2024Pending home sales ascended in October – the third consecutive month of increases – according to the National Association of REALTORS®. All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – elevated 2.0% to 77.4 in October. Year-over-year, pending transactions expanded 5.4%. An ...
From scotiabank.com|Oct 30, 2024Ok that title won’t win any prizes, but it gets across the point. The US economy grew strongly while generating light, but slightly stronger than expected inflation as ADP payrolls ripped higher and a leading indicator of existing home sales jumped higher. Key is the strength of the consumer. Bonds didn’t like that so much at first, with the 2-year yield rising by about 5bps post-releases before moderating this response as the UK budget’s effect on gilts with some spillover effects arrived, and the US launched missile strikes on ISIS ...
- From globenewswire.com|Oct 30, 2024
Pending home sales rose in September, according to the National Association of RealtorsÒ. All four major regions experienced month-over-month gains in transactions. Year-over-year, the Northeast and West registered increases while sales remained steady in the Midwest and South. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – jumped 7.4% to 75.8 in September, the highest level since March (78.3). Year-over-year, pending transactions ascended 2.6%. An index of 100 is equal ...
- From nar.realtor|Sep 26, 2024
Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 70.6 in August. Year over year, pending transactions were down 3.0%. An index of 100 is equal to the level of contract activity in ...
- From nar.realtor|Aug 29, 2024
Pending home sales in July retreated 5.5%, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses in transactions. Year-over-year, the Northeast rose while the Midwest, South and West registered declines. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – slipped to 70.2 in July, the lowest reading since the index began tracking in 2001. Year over year, pending transactions were down 8.5%. An index of 100 is equal to the level of ...
- From nar.realtor|Jul 31, 2024
Pending home sales in June ascended 4.8%, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – grew to 74.3 in June. Year over year, pending transactions were down 2.6%. An index of 100 is equal to the level of contract activity in 2001. "The rise in housing inventory is ...
- 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 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 ...
| Released on Nov 27, 2024 |
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| Released on Oct 30, 2024 |
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| Released on Sep 26, 2024 |
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| Released on Aug 29, 2024 |
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| Released on Jul 31, 2024 |
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| Released on Jun 27, 2024 |
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| Released on May 30, 2024 |
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