United States Pending Home Sales

Contracts to buy previously owned US homes fell 4.9 percent from a year earlier in February of 2019, following an upwardly revised 2.6 percent decline in January. It marks the 14th straight month of annual decreases in pending home sales. Sales dropped in all 4 main regions: the West (-9.6 percent), the Midwest (-6.1 percent), the South (-2.9 percent) and the Northeast (-2.6 percent). On a month-over-month basis, sales shrank 1 percent, after a downwardly revised 4.3 percent rise in January and compared to market expectations of a 0.7 percent gain. Pending Home Sales in the United States averaged 0.75 percent from 2002 until 2019, 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 -2.10 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 2.60 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around -0.50 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-12-28	03:00 PM	Pending Home Sales YoY	-7.7%	-6.7%		-7.1%
2019-01-30	03:00 PM	Pending Home Sales YoY	-9.8%	-7.8%		-8%
2019-02-27	03:00 PM	Pending Home Sales YoY	-2.3%	-9.9%		-11%
2019-03-28	02:00 PM	Pending Home Sales YoY	-4.9%	-2.6%	-1.8%	-1.5%
2019-04-30	02:00 PM	Pending Home Sales YoY		-4.9%		-2.1%
2019-05-30	02:00 PM	Pending Home Sales YoY
2019-06-27	02:00 PM	Pending Home Sales YoY

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1291.00	1317.00	2419.00	513.00	Thousand	[+]
Housing Starts	1162.00	1273.00	2494.00	478.00	Thousand units	[+]
New Home Sales	667.00	636.00	1389.00	270.00	Thousand units	[+]
Pending Home Sales	-4.90	-2.60	30.90	-24.30	percent	[+]
Existing Home Sales	5510.00	4930.00	7250.00	1370.00	Thousand	[+]
Construction Spending	1.00	2.50	5.90	-4.80	percent	[+]
Housing Index	0.60	0.30	1.20	-1.70	percent	[+]
Nahb Housing Market Index	63.00	62.00	78.00	8.00		[+]
Mortgage Rate	4.44	4.40	10.56	3.47	percent	[+]
Mortgage Applications	-3.50	-5.60	49.10	-38.80	percent	[+]
Case Shiller Home Price Index	212.41	212.88	213.83	100.00	Index Points	[+]
Home Ownership Rate	64.80	64.40	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 April of 2019.