2018 Economic Calendar
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Pending Home Sales Index  
Released On 5/31/2018 10:00:00 AM For Apr, 2018
PriorConsensusConsensus Range
Pending Home Sales Index - M/M0.4 %0.7 %0.3 % to 1.0 %
Pending Home Sales Index - Level107.6 

Consensus Outlook
Easing in orders helped pull down the Chicago PMI to 57.6 in April in what, especially for this sample, was probably a blessing given deepening signs of capacity stress that included a 7-1/2 year high for input costs. Scarcity of steel, following tariffs, was a tangible factor for this sample in April. For May's result, forecasters see the index rising slightly to 58.1.

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
 


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