2018 Economic Calendar
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Pending Home Sales Index  
Released On 7/30/2018 10:00:00 AM For Jun, 2018
PriorConsensusConsensus RangeActual
Pending Home Sales Index - M/M-0.5 %0.5 %-0.5 % to 1.0 %0.9 %
Pending Home Sales Index - Level105.9 106.9 

After several months of flat to negative results, existing home sales finally look like they may be on the rise. Pending sales in June jumped 0.9 percent to come in at the high end of Econoday's consensus range. All regions show gains in June including a 0.7 percent rise in the West which, however, still lags other regions on a yearly basis with a 5.6 percent decline. Total year-on-year pending sales are still in the negative column at minus 2.5 percent. Resales will need much more than a single month of improvement to make up what was a very soft Spring selling season for housing.

Consensus Outlook
Pending home sales are expected to increase 0.5 percent in June after falling 0.5 percent rise in May. This index has on trend been accurately forecasting flat to declining results for the existing home sales report.

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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