What happened: NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. april marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home sales reports.
Pending home sales fall, marking the 16th-straight month of annual declines. Marketwatch.com | 2019-05-30 14:17 UTC An index of home-contract signings fell for the second month out of four so far in 2019, further evidence that the hoped-for rebound in housing is going to.
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U.S. existing-home sales in September were at a seasonally adjusted annual. months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in.
(AP Photo/Elise Amendola, File) WASHINGTON (AP) – More Americans signed contracts to purchase homes in June, marking. 105.4 in May. Pending home sales are up 1.6% from their pace a year ago,
April marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home.
The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.
Construction on new U.S. homes took an astonishing nosedive in January, dropping 16% to a seasonally adjusted annual rate of 880,000, according to the U.S. Census Bureau. Those declines. to fall.
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Per the National Association of Realtors (NAR), pending home sales decreased by 2.6% in October. Sales are down 6.7% year over year-marking the tenth straight month of annual declines.
U.S. pending home sales fall in April, despite lower mortgage rates. Share This Article.. Sales were 2% lower compared with April 2018, the 16th straight month of annual declines.
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Unadjusted pending home sales dropped 4.4% YoY (the 4th straight month of declines – the longest streak since 2014). "Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory," Lawrence Yun, NAR’s chief economist, said in.