Pending home sales declined to four-year low in October

Pending Home Sales in U.S. Declined to Four-Year Low in October Shobhana Chandra , Bloomberg News (Bloomberg) — Contract signings to purchase previously-owned U.S. homes unexpectedly fell by the most since January, reaching the lowest level since mid-2014 amid mounting evidence that the housing market is struggling.

Latest News. Pending home sales increased in all four major regions in June, but overall activity lagged year ago levels for the sixth straight month. Next release: Pending Home Sales for July 2018 will be released on Wednesday, August 29, 2018 at 10:00 a.m. Eastern. The pending home sales index (PHS), a leading indicator of housing activity,

 · Pending home sales in the South declined 3.9 percent for the month and were 1.1 percent lower than last January. Sales in the West were down 1.2 percent monthly and 2.5.

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That left the Dow Jones Industrial Average DJIA, -0.16% to settle 76.42 points lower at 23,062.40, a loss of 0.3%, while the S&P 500 SPX, -0.18% finished at 2,485.74, a decline. pending home sales.

When you want the quickest and most current report on real estate, you must turn to the pending home sales report.The Pending Home Sales Index published by the National Association of REALTORS runs 25 to 30 days after the data has been recorded, whereas the Tallahassee Pending Home Sales Report is published frequently, with only a 2 day lag in the data.

Pending home sales in October were down by 6.7 percent compared to the same month a year ago, reflecting the tenth straight month of annual decreases. A pending home sale is one in which a.

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 Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed.

 · Pending sales fell in three of four regions, led by an 8.9% slump in the West as the Midwest and South also declined. Signings in the Northeast rose 0.7%. The index level of 102.1 was the lowest since July 2014. While the report is in line with the view that housing isn’t expected to collapse, the industry may have trouble gaining traction.

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