Econoday Report: Pending Home Sales Index 1, 2007

2008 Economic Calendar
POWERED BY
Resource Center » U.S. & Intl Recaps \| Release Dates \| Why Investors Care \| Today's Calendar

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 8/1/07 For Jun 2007

Pending Home Sales Index - M/M
Actual	5.0%
Previous	-3.5 %

Highlights
The pending home sales index rose 5.0 percent in June to 102.4, offering badly needed good news on the housing sector. Year-on-year the index is down 8.6 percent, a bit up from double-digit percentage declines in prior months. All regions showed month-to-month improvement in June.

2007 Release Schedule

Released On: 1/4 2/1 3/6 4/3 5/1 6/1 7/3 8/1 9/5 10/2 11/13 12/10

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