Pending Home Sales Trail Off 1.5% in April

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. to post a comment on this article: login – or – register

Pending Home Sales Trail Off 1.5% in April Posted on May 30, 2019 by Admin Washington, D.C. – May 30, 2019 ( nar.realtor ) Pending home sales declined in April, a modest change from the growth seen a month before, according to the National Association of Realtors.

Pending Home Sales Trail Off 1.5% in April By: Staff Report May 30, 2019 Pending home sales declined in April, a modest change from the growth seen a month before, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases.

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The Pending Home Sales Index (PHSI) – a forward-looking indicator based on contract signings – fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making April the 16th straight month of annual decreases.

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Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. The National Association of Realtors is America’s largest trade association, representing more than 1.3 million members involved in all aspects.

April 2019 US pending home sales data It’s tough to explain the lack of momentum in the US housing market given the strong jobs numbers and decline in interest rates. By Adam Button

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