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Economic Data

Pending Home Sales

Posted by NIFM
25-Nov-13 03:05PM

Pending Home Sales is also called as Pending Resales.

This data can help investors to keep a finger on the pulse of the economy. That will help to understand the demand for housing.

The data is sourced by National Association of Realtors. Change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.

When data comes Actual is greater than Forecast it means good for currency.

Frequency released on monthly basis about 28 days after the month ends.

It’s a leading indicator for economic health. The sale of a home triggers a wide-reaching ripple effect.

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