2017 Economic Calendar
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Pending Home Sales Index  
Released On 3/29/2017 10:00:00 AM For Feb, 2017
PriorConsensusConsensus Range
Pending Home Sales Index - M/M-2.8 %1.8 %1.4 % to 3.0 %
Pending Home Sales Index - Level106.4 

Recent History Of This Indicator
Month-to-month swings in existing home sales have been correctly telegraphed by the pending home sales index which tracks initial contract signings. This index has been up-and-down the last three readings underscoring the slow and uneven pace of the housing sector. Forecasters see strength for the February index where the Econoday consensus is for a 1.8 percent gain.

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
 
 

2017 Release Schedule
Released On: 1/302/273/294/275/316/287/318/319/2710/2611/2912/27
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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