Pending home sales fell by more than expected in February

Pending sales are based on signed contracts that have not yet closed, so they are a gauge of future sales. SEE ALSO: existing home sales ease in February from a 10-year high More: Pending Home Sales

The bigger than expected rebound in pending home sales was partly due to a spike in the Northeast, where pending sales surged up by 10.3 percent. Pending home sales in the South also climbed by 3.

CONTRACT signings to purchase previously owned US homes fell more than estimated in February, suggesting that the prior month’s surge resulted from pent-up demand and that a sustainable recovery may take more time. The index of pending home sales fell 1 per cent from the prior month, after a downwardly revised 4.3 per cent increase in January, according to data released on Thursday from the National Association of Realtors (NAR) in Washington.

Existing-home sales fall to three-year low, miss estimates Existing-home sales dropped 3.4 percent to a seasonally adjusted 5.15 million units in September, according to the National Association of Realtors’s monthly existing-home sales report, released.Trump nominates affordable housing official as HUD general counsel SAN ANTONIO – Julián Castro made it official Saturday. him to be secretary of the U.S. Department of Housing and Urban Development (HUD). While Castro served in the cabinet, 2016 presidential.

That was more than triple. what happened in February. The pending sales column for February went back into the red, but that doesn’t mean much. Remember all that snow? It temporarily wreaked havoc.

 · Sales fell in all four regions of the country last month. Economists polled by Reuters had forecast existing home sales would fall 3.8 per cent to a rate of 5.30 million units last month.

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Pending U.S. home sales fell more than expected in July as the housing market’s struggles continued, an industry group said today. The National Association of.

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A separate report this week showed new-home groundbreakings fell in February by the most in eight months, while other data indicate existing home sales rebounded last month to the best pace in almost a year.

The home builder sector was knocked broadly lower morning trade Monday, after data showing that existing-home sales for March fell more than expected. The iShares U.S. Home Construction ETF.

American home sales fell worse-than-expected last month even as the Fed has signalled an end to its rate hikes. The median price of a US home is $363,000.