2008 U.S. Economic Events & Analysis
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Pending Home Sales Index
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale.  Why Investors Care

Released on 1/8/08 For Nov 2007
Pending Home Sales Index - M/M
 Actual -2.6%  
 Previous 0.6 %  

Highlights
Pending home sales are pointing to more trouble ahead for the housing market with the index falling 2.6 percent in November to 87.6. The year-on-year decline is 19.2 percent, in line with a host of other housing indicators showing 20 percent year-on-year declines. The index points to declines for existing home sales in December and January. Treasury yields dipped as did the dollar and stocks in brief reaction to the results. The next closely watched indicator on the housing market will be a week from Wednesday with the housing market index from the National Association of Home Builders.

2008 Release Schedule
Released On: 1/8 2/7 3/6 4/8 5/7 6/9 7/8 8/7 9/9 10/8 11/7 12/9
Released For: Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct


 
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