United States Pending Home Sales

Contracts to buy previously owned homes in the United States shrank 1 percent year-on-year in September of 2018, following an upwardly revised 2.4 percent drop in August. It marks the ninth consecutive month of annual declines in pending home sales. Sales fell in the Northeast (-2.7 percent), Midwest (-1.1 percent) and the West (-7.4 percent) but rose in the South (3.3 percent). On a month-over-month basis, sales rose 0.5 percent, rebounding from an upwardly revised 1.9 percent fall in August and beating market expectations of a 0.1 percent decline. Pending Home Sales in the United States averaged 0.92 percent from 2002 until 2018, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011.

Pending Home Sales in the United States is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pending Home Sales in the United States to stand at -1.40 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.20 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-08-29	02:00 PM	Pending Home Sales YoY	-2.3%	-2.4%	-6%	-1.1%
2018-09-27	02:00 PM	Pending Home Sales YoY	-2.3%	-2.4%	0.9%	-1.9%
2018-10-25	02:00 PM	Pending Home Sales YoY	-1%	-2.4%		-1.4%
2018-11-29	03:00 PM	Pending Home Sales YoY		-1%		-0.5%

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1241.00	1249.00	2419.00	513.00	Thousand	[+]
Housing Starts	1201.00	1268.00	2494.00	478.00	Thousand units	[+]
New Home Sales	553.00	585.00	1389.00	270.00	Thousand	[+]
Pending Home Sales	-1.00	-2.40	30.90	-24.30	percent	[+]
Existing Home Sales	5150.00	5330.00	7250.00	1370.00	Thousand	[+]
Construction Spending	0.00	0.80	5.90	-4.80	percent	[+]
Housing Index	0.30	0.40	1.20	-1.80	percent	[+]
Nahb Housing Market Index	60.00	68.00	78.00	8.00		[+]
Mortgage Rate	5.17	5.15	10.56	3.47	percent	[+]
Mortgage Applications	-3.20	-4.00	49.10	-38.80	percent	[+]
Case Shiller Home Price Index	213.72	213.77	213.77	100.00	Index Points	[+]
Home Ownership Rate	64.40	64.30	69.20	62.90	percent	[+]

Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed. The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. This page provides the latest reported value for - United States Pending Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Pending Home Sales - actual data, historical chart and calendar of releases - was last updated on November of 2018.