- Analytics
- News and Tools
- Market News
- U.S. pending home sales up 1.5 percent in September
U.S. pending home sales up 1.5 percent in September
The National
Association of Realtors (NAR) announced on Tuesday its seasonally adjusted
pending home sales index (PHSI) rose 1.5 percent m-o-m to 108.7 in September,
after a revised 1.4 percent m-o-m gain in August (originally an advance of 1.6 percent
m-o-m).
Economists had
expected pending home sales to increase 0.9 percent m-o-m in September.
On y-o-y basis,
the index climbed 3.9 percent after a 2.5 percent increase in August. That was
the largest annual advance in pending home sales since December 2015.
According to
the report, the pending home sales were mixed in m-o-m terms across the
nation's four regions. The PHSI in the Northeast dropped 0.4percent m-o-m to
93.9 in September, but is still 1.3 percent higher than a year ago. In the
Midwest, the index went up 3.1 percent m-o-m to 104.4 in September, 2.7 percent
higher than September 2018. Pending home sales in the South climbed 2.6 percent
m-o-m to an index of 127.5, a 5.7 percent surge from last September. The index
in the West fell 1.3 percent m-o-m to 95.1, which is a gain of 3.4 percent from
a year ago.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
