United States Pending Home Sales y/y

Country:
United States
USD, US dollar
Sector:
Housing
Medium -1.0% 1.4%
-2.3%
Last release Importance Actual Forecast
Previous
-1.9%
-1.0%
Next release Actual Forecast
Previous
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The Pending Home Sales y/y indicator reflects the number of home sales contracts signed in the given month as compared to the same month of the previous year. The calculation includes signed contracts for the sale of existing single-family houses, apartments, condos and cooperatives.

The report is published by the US National Association of Realtors. The detailed version features both absolute number of units sold and evaluation in monetary terms (average sales prices by geographic regions). Data are provided for four geographical regions: Northeast, Midwest, South and West. The indicator is seasonally adjusted.

Since a contract completion takes an average of 6 to 8 weeks, Pending Home Sales is a leading indicator of the US housing market, which provides a two-month early estimation. The indicator allows forecasting the value of another important index, Existing Home Sales.

Analysts appreciate the index for the large sample size (covering the whole territory of the country) and for information on apartments provided in addition to single-family houses, which gives a greater objectivity in assessing the housing market, than for example Housing Starts. The indicator characterizes the strength of the housing market and its aggregate demand. It also enables an indirect medium-term prediction for the sales dynamics of related products, such as housing insurance or household goods.

Indicator growth can have a positive effect on USD quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "United States Pending Home Sales y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2018
-1.0%
1.4%
-2.3%
Aug 2018
-2.3%
0.9%
-2.3%
Jul 2018
-2.3%
-6.0%
-2.5%
Jun 2018
-2.5%
-6.0%
-2.2%
May 2018
-2.2%
-5.1%
-2.1%
Apr 2018
-2.1%
-0.7%
-3.0%
Mar 2018
-3.0%
-0.1%
-4.1%
Feb 2018
-4.1%
-0.2%
-3.8%
Jan 2018
-3.8%
-0.1%
0.5%
Dec 2017
0.5%
-0.2%
0.9%
Nov 2017
0.8%
-0.1%
-0.6%
Oct 2017
-0.6%
0.0%
-3.9%
Sep 2017
-3.5%
0.2%
-2.8%
Aug 2017
-2.6%
0.2%
-1.3%
Jul 2017
-1.3%
0.3%
0.3%
Jun 2017
0.5%
0.3%
-1.6%
May 2017
-1.7%
0.4%
-3.7%
Apr 2017
-3.3%
0.5%
0.7%
Mar 2017
0.8%
2.6%
Feb 2017
2.6%
0.4%
Jan 2017
0.4%
0.3%
Dec 2016
0.3%
-0.4%
Nov 2016
-0.4%
1.8%
Oct 2016
1.8%
2.4%
Sep 2016
2.4%
-0.2%
Aug 2016
-0.2%
1.4%
Jul 2016
1.4%
1.0%
Jun 2016
1.0%
2.4%
May 2016
2.4%
1.8%
Apr 2016
4.6%
1.4%
Mar 2016
1.4%
0.7%
Feb 2016
0.7%
1.4%
Jan 2016
1.4%
4.2%
Dec 2015
4.2%
2.7%
Nov 2015
2.7%
3.9%
Oct 2015
3.9%
3.0%
Sep 2015
3.0%
6.1%
Aug 2015
6.1%
7.2%
Jul 2015
7.2%
11.1%
Jun 2015
8.2%
8.3%
May 2015
8.3%
12.6%
Apr 2015
14.0%
11.1%
Mar 2015
11.1%
12.0%
Feb 2015
12.0%
8.4%
Jan 2015
8.4%
6.1%
Dec 2014
6.1%
4.1%
Nov 2014
4.1%
2.2%
Oct 2014
2.2%
1.0%
Sep 2014
1.0%
-2.2%
Aug 2014
-2.2%
-2.1%

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