2017 Economic Calendar
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Pending Home Sales Index  
Released On 9/27/2017 10:00:00 AM For Aug, 2017
PriorConsensusConsensus Range
Pending Home Sales Index - M/M-0.8 %-0.2 %-0.6 % to 1.2 %
Pending Home Sales Index - Level109.1 

Recent History Of This Indicator
Pending sales have been accurately forecasting this year's steady weakness in the existing home sales report. The South, by far the largest housing region, was very weak in July and probably won't be getting any help in August from Hurricane Harvey. After July's 0.8 percent dip, the Econoday consensus for the August pending sales index is a dip of 0.2 percent.

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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