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.

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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