United States Pending Home Sales

Contracts to buy previously owned homes in the United States dropped 0.7 percent from a year earlier in May 2019, following a 2.0 percent decline in the previous month. That was the 17th consecutive month of annual decreases, as sales fell in the West (-3.1 percent), Midwest (-1.2 percent) and Northeast (-0.5 percent). By contrast, home sales rose 0.7 percent in the South. On a month-over-month basis, sales surged 1.1 percent in May, more than an expected 1.0 percent advance and following a 1.5 percent drop in April. Pending Home Sales in the United States averaged 0.71 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 -0.20 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 1.90 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.70 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-03-28	02:00 PM	Pending Home Sales YoY Feb	-4.9%	-2.6%	-1.8%	-1.5%
2019-04-30	02:00 PM	Pending Home Sales YoY Mar	-1.2%	-4.9%		-2.1%
2019-05-30	02:00 PM	Pending Home Sales YoY Apr	-2%	-1.1%		-2%
2019-06-27	02:00 PM	Pending Home Sales YoY May	-0.7%	-2%	2.7%	-2.6%
2019-07-30	02:00 PM	Pending Home Sales YoY Jun		-0.7%		-0.2%
2019-08-29	02:00 PM	Pending Home Sales YoY Jul
2019-09-26	02:00 PM	Pending Home Sales YoY Aug

United States Housing	Last	Previous	Highest	Lowest	Unit
Building Permits	1220.00	1299.00	2419.00	513.00	Thousand	[+]
Housing Starts	1253.00	1265.00	2494.00	478.00	Thousand units	[+]
New Home Sales	626.00	679.00	1389.00	270.00	Thousand units	[+]
Pending Home Sales	-0.70	-2.00	30.90	-24.30	percent	[+]
Existing Home Sales	5340.00	5210.00	7250.00	1370.00	Thousand	[+]
Construction Spending	-0.80	0.40	5.90	-4.80	percent	[+]
Housing Index	0.40	0.10	1.20	-1.70	percent	[+]
Nahb Housing Market Index	65.00	64.00	78.00	8.00		[+]
Mortgage Rate	4.12	4.04	10.56	3.47	percent	[+]
Mortgage Applications	-1.10	-2.40	49.10	-38.80	percent	[+]
Case Shiller Home Price Index	215.68	213.95	215.68	100.00	Index Points	[+]
Home Ownership Rate	64.20	64.80	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 July of 2019.