2018 Economic Calendar
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Pending Home Sales Index  
Released On 6/27/2018 10:00:00 AM For May, 2018
PriorConsensusConsensus Range
Pending Home Sales Index - M/M-1.3 %0.7 %-0.5 % to 2.0 %
Pending Home Sales Index - Level106.4 

Consensus Outlook
Pending home sales are expected to increase 0.7 percent in May after dropping 1.3 percent rise in April. This index has been accurately forecasting what are flat results for the existing home sales report.

Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. Specifically, 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
 
 

2018 Release Schedule
Released On: 1/312/283/284/305/316/277/308/299/2710/2511/2912/28
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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