Pending Home Sales (MoM)


Economic Report:Pending Home Sales
Released by:National Association of Realtors
Release Date/Time:10:00 on the first week of each month
Website:http://www.realtor.org/press_room/news_releases/
Description:The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.

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