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 2/7/08 For Dec 2007
Pending Home Sales Index - M/M
 Actual -1.5%  
 Previous -2.6 %  

Highlights
The pending home sales index fell 1.5 percent in December to 85.9, bringing down the year-on-year rate to -24.2 percent. For full year 2007, sales were down 13.9 percent. December's data point to further erosion in existing home sales in the months ahead. But the results are no surprise given the run of negative news out of the housing sector. There was no significant immediate reaction to the report.

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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