Econoday Report: Pending Home Sales Index 2, 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 10/2/06 For Aug 2006

Pending Home Sales Index
Actual	4.3%
Previous	-7.0 %

Highlights
The pending home sales index rebounded 4.3 percent in August to 110.1 after declining 7.0 percent in July. The overall index is down 14.1 percent year-on-year. Gains were posted in the Northeast, South, and West. The Midwest was flat in August.

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