Eye On Housing
Pending home sales fell 1.1% in June, breaking a three month streak of improvement after a dismal winter. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 1.1% in June to 102.7 from a downwardly revised May level of 103.8. The June reading was down 7.3% on… Read More ›
Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›
Pending home sales in May posted the largest monthly increase since the expiration of the first-time home buyer tax credit in April 2010. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 6.1% in May to 103.9 from an upwardly revised April level of 97.9. It is… Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, increased a slight 0.4% in April to 97.8 from a March level of 97.4. The PHSI monthly increase reported by the National Association of Realtors was the second since June of 2013. However, it is important to note that the April reading was down 9.2% on a year-over-year basis…. Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, increased 3.4% in March to 97.4 from an upwardly revised February level of 94.2. The PHSI monthly increase reported by the National Association of Realtors was the first since June of 2013, although it remains 7.9% below the level of 105.7 last March. The March PHSI increased… Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, ticked up 0.1% in January, following a revised 5.8% drop in December, which was the lowest since the 94.6 reported in November 2011. The January 2014 PHSI reported by the National Association of Realtors (NAR) was 9.0% lower than the same period a year ago. The January… Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell 8.7% in December to 92.4, from a downwardly revised 101.2 in November. The December 2013 PHSI reported by the National Association of Realtors (NAR) was 8.8% lower than the same period a year ago, and was the lowest since October 2011. The December PHSI fell in… Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, ticked up 0.2% in November to 101.7 from a downwardly revised 101.5 in October. The November 2013 PHSI reported by the National Association of Realtors (NAR) was 1.6% lower than the same period a year ago. The November PHSI increased 2.3% and 1.8% from October in the… Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a slight 0.6% in October from an upwardly revised 102.7 in September. The October 2013 PHSI reported by the National Association of Realtors (NAR) was 1.6% lower than the same period a year ago. The October PHSI increased 2.8% in the Northeast and 1.2% in the… Read More ›
The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a steep 5.6% in September 2013 to 101.6 from a downwardly revised 107.6 in August. The September 2013 PHSI reported by the National Association of Realtors (NAR) was 1.2% lower than the same period a year ago. The September PHSI decreased sharply in three regions: 9.6%… Read More ›