Pending home sales drop | Cross River Real Estate

Contracts to buy previously owned homes in the United States shrank 4.1 percent year-on-year in February of 2018, following an upwardly revised 4 percent drop in January. It is the biggest decline since June of 2014 as contracts fell in all main regions: Northeast (-5.1 percent), Midwest (-9.5 percent), South (-1.5 percent) and the West (-2.2 percent). Compared to the previous month, pending home sales increased 3.1 percent, rebounding from an upwardly revised 5 percent fall in January and beating forecasts of a 2.1 percent gain. Pending Home Sales in the United States averaged 1.03 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.

 

Calendar GMT Actual Previous Consensus TEForecast
2018-01-31 03:00 PM Pending Home Sales YoY 0.5% 0.8% -0.2% -0.3%
2018-02-28 03:00 PM Pending Home Sales YoY -3.8% 0.4% 0.4%
2018-03-28 02:00 PM Pending Home Sales YoY -4.1% -4% -0.2% 0.5%
2018-04-30 02:00 PM Pending Home Sales YoY -4.1% -2.11%
2018-05-31 02:00 PM Pending Home Sales YoY -1.60%
2018-06-27 02:00 PM Pending Home Sales YoY -1.35%

 

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https://tradingeconomics.com/united-states/pending-home-sales#alerts