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. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing Home Sales by a month or two.
-- National Association of Realtors
My comment PHS are an excellent predictor of Existing Homes Sales, which is by far the most important indicator of housing activity
Mtl JP 15:05:35 GMT - 03/27/2014
pending home sales...
realestate agents like a teenage massaging a woody in anticipation... the key word is pending
the Qtn is: de-pending on what?
the A is his ability to satisfy or qualify to financially carry and support his appetite
GVI Forex john 14:50:28 GMT - 03/27/2014
"WASHINGTON (March 27, 2014) – Pending home sales declined for the eighth straight month in February, according to the National Association of Realtors®. Modest increases in the Midwest and West were offset by declines in the Northeast and South; all regions are below a year ago.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, dipped 0.8 percent to 93.9 from a downwardly revised 94.7 in January, and is 10.5 percent below February 2013 when it was 104.9. The February reading was the lowest since October 2011, when it was 92.2..."
GVI Forex john 14:12:20 GMT - 03/27/2014
CHART: Pending Homes sales data lower again after January data revised down. No turnaround evident yet despite better anecdotal reports.
GVI Forex john 14:01:29 GMT - 03/27/2014
-0.80% vs. 0.00% exp. vs. +0.10% (r -0.20%) prev.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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