Econoday Report: Pending Home Sales Index 1, 2006

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Pending Home Sales Index

Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, 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

Released on 2/1/06 For Dec 2005

Pending Home Sales Index
Actual	-3.0%

Highlights
The pending existing home sales index fell 3 percent in December to 116.4 after posting a matching 3 percent drop in November as well and now stands 5.5 percent below year ago levels. The home sales index rose 1.5 percent in the Northeast and was up 2.3 percent in the South. However, the index plunged 9.3 percent in the Midwest and 8.1 percent in the West. This index suggests that existing home sales should continue to weaken in the upcoming months.

2006 Release Schedule

Released On: 1/5 2/1 3/6 4/3 5/2 6/1 7/6 8/1 9/1 10/2 11/1 12/4

Released For: Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct