Contracts to buy previously owned homes in the United States rose 7.5 percent from a month earlier in October 2021, rebounding from a revised 2.4 percent decline in September and easily beating market expectations of a 0.9 percent increase. Demand for housing was supported by fast-rising rents and the anticipated increase in mortgage rates amid low inventories. Contract activity rose month-over-month in each of the four major US regions, with signings rising at the strongest pace in the Midwest (11.8 percent) and South regions (8.0 percent). On a yearly basis, however, pending home sales transactions fell 1.4 percent. source: National Association of Realtors

Pending Home Sales MoM in the United States averaged 0.21 percent from 2001 until 2021, reaching an all time high of 44.90 percent in May of 2020 and a record low of -30.30 percent in May of 2010. This page includes a chart with historical data for the United States Pending Home Sales MoM. United States Pending Home Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

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United States Pending Home Sales MoM

Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 02:00 PM Sep -2.3% 8.1% 0% 2.3%
2021-11-29 03:00 PM Oct 7.5% -2.4% 0.9% 1.3%
2021-12-29 03:00 PM Nov 7.5%

Related Last Previous Unit Reference
Pending Home Sales -1.40 -8.20 percent Oct/21
Existing Home Sales 6340.00 6290.00 Thousand Oct/21
Pending Home Sales MoM 7.50 -2.40 percent Oct/21
Single Family Home Prices 353900.00 352800.00 USD Oct/21
United States Pending Home Sales MoM
The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.