2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Pending Home Sales Index  
Released On 4/30/2018 10:00:00 AM For Mar, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Pending Home Sales Index - M/M3.1 %2.8 %1.0 %0.5 % to 1.8 %0.4 %
Pending Home Sales Index - Level107.5 107.2 107.6 

Highlights
Existing home sales have been struggling to move higher and today's pending home sales index points to only subdued improvement. The March index rose 0.4 percent which is just below Econoday's consensus range. Pending sales in the West declined 1.1 percent with the Northeast down 5.6 percent, offset by 2.5 and 2.4 percent increases in the South and Midwest. The resale market, despite strong price appreciation that's approaching 8 percent, has been plagued by a limited number of homes on the market.

Consensus Outlook
Pending home sales are expected to rise 1.0 percent in March after posting a very sharp 3.1 percent jump in February. The resale market has been showing some signs of life though the longer-term trend has been flat.

Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. Specifically, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale.  Why Investors Care
 
 

2018 Release Schedule
Released On: 1/312/283/284/305/316/277/308/299/2710/2511/2912/28
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


powered by  [Econoday]