Contracts to buy US previously owned homes declined 3.8% in December of 2021, following an upwardly revised 2.3% drop in November and much worse than market forecasts of a 0.2% fall. It is the biggest decrease in pending home sales in 8 months, as a diminished housing supply offered consumers very few options. All four major US regions posted drops in contract activity. Existing-home sales are expected to decline by 2.8% in 2022, and home prices are expected to move higher by 5.1% due to the ongoing housing shortage, even as builders ramp up production, the NAR reported. source: National Association of Realtors

Pending Home Sales MoM in the United States averaged 0.18 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 January of 2022.

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United States Pending Home Sales MoM


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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -2.30 44.90 -30.30 2001 - 2021 percent Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-29 03:00 PM Nov -2.2% 7.5% 0.5% 0.7%
2022-01-27 03:00 PM Dec -3.8% -2.3% -0.2% -0.1%
2022-02-25 03:00 PM Jan -3.8% -1%


Related Last Previous Unit Reference
Pending Home Sales -6.90 -2.80 percent Dec/21
Existing Home Sales 6180.00 6480.00 Thousand Dec/21
Pending Home Sales MoM -3.80 -2.30 percent Dec/21
Single Family Home Prices 358000.00 353900.00 USD Dec/21


News Stream
Pending Home Sales Fall for 2nd Month
Contracts to buy US previously owned homes declined 3.8% in December of 2021, following an upwardly revised 2.3% drop in November and much worse than market forecasts of a 0.2% fall. It is the biggest decrease in pending home sales in 8 months, as a diminished housing supply offered consumers very few options. All four major US regions posted drops in contract activity. Existing-home sales are expected to decline by 2.8% in 2022, and home prices are expected to move higher by 5.1% due to the ongoing housing shortage, even as builders ramp up production, the NAR reported.
2022-01-27
US Pending Home Sales Unexpectedly Drop
Contracts to buy US previously owned homes fell 2.2% mom in November of 2021, compared to market forecasts of a 0.5% rise, and following a 7.5% surge in October, amid limited supply and high home prices. Each of the four major regions witnessed contract transactions decline. Year-on-year, pending home sales were down 2.7%. "There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices. While I expect neither a price reduction, nor another year of record-pace price gains, the market will see more inventory in 2022 and that will help some consumers with affordability", said Lawrence Yun, NAR's chief economist.
2021-12-29
US Pending Home Sales Surge 7.5% in October
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.
2021-11-29