Pending Home Sales Index m/m

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

The Pending Home Sales Index m/m (month-over-month) is a leading economic indicator that measures the change in the number of homes under contract to be sold but not yet closed, compared to the previous month. This index is released by the National Association of Realtors (NAR) and is considered an important indicator of future housing market activity, as it reflects the level of demand for homes in the market.


Why is it important?

A positive change in the Pending Home Sales Index m/m indicates an increase in home sales, which can have a positive impact on the economy and be an indicator of future economic growth. On the other hand, a negative change in the index may indicate a decrease in home sales and can be a sign of a cooling housing market.

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