Pending Home Sales

Newsfeed: US Pending Home Sales Crash By Most On Record

Newsfeed: US Pending Home Sales Crash By Most On Record

Existing home sales crashed but new home sales rebounded in November, which leaves today’s pending home sales as the deciding vote for just how apparently dismal the US housing market really is.. and the decision is – the housing market is in trouble as pending home sales tumbled 4.0% MoM (vs -1.0% exp) and October’s drop was revised even deeper…

Newsfeed: US Pending Home Sales Are Down Most Since 2011 YoY (Ex-COVID)

Newsfeed: US Pending Home Sales Are Down Most Since 2011 YoY (Ex-COVID)

After yesterday’s dreadful collapse in new home sales (and Toll Brothers’ less than rosy picture overnight), analysts expected another monthly decline in pending home sales in July (though not as violent as the June plunge). They were right as pending home sales dropped 1.0% MoM (beating expectations of a 2.6% drop but that was largely driven by a downward revision for June data)…

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