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Tag Archives: Pending-Home Sales

Pending Home Sales Rise Moderately In July


Pending home sales increased slightly in July for the sixth time in seven months, according to the National Association of Realtors. The Pending Home Sales Index increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June.

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Pending Home Sales Up Over Last Month, Reach Highest Point in Two Years

The index, an indicator of sales based on contract signings, was released this morning. It showed a 1.1 percent increase in pending sales for March and an 11.1 percent increase over the same time last year. This marks the third month in a row the sales have risen and the seventh year that pending sales numbers have improved.

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Pending Home Sales Rise to Highest Level Since June 2013

The Pending Home Sales Index rose 3.1 percent to 106.9 in February from a slight downward revision of 103.7 in January and is 12 percent about the February 2014 number of 95.4. The index is at its highest level since June 2013 and has increased year-over-year for six consecutive months and is above 100, considered an average level of activity, for the tenth consecutive month.

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Pending Home Sales Fall Short of Expectations

The National Association of Realtors (NAR) said Thursday that its Pending Home Sales Index (PHSI) declined 3.7 percent last month to a reading of 100.7. Economists expected a 0.9 percent gain. Lawrence Yun, chief economist for NAR, blamed the monthly downswing on a drop in for-sale homes and an acceleration in price growth.

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