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 11/1/06 For Sep 2006

Pending Home Sales Index
Actual	-1.1%
Previous	4.3 %

Highlights
The pending home sales index declined 1.1 percent in September to 108.9 after rebounding 4.5 percent in August. The overall index is down 13.6 percent year-on-year. September's fall was led by the Northeast region but declines were also seen in the South and West. The Midwest posted a modest increase.

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