• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

NAR: Pending Home Sales Increased 7.5% in October

by
November 29, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Real Estate Newsletter Articles this Week: The “Home ATM” was Closed in Q1

EV Charging Stocks Sink After General Motors Says It Will Use Tesla’s Charging Network

Bonds Are Entering a New Era. How to Play It.

The S&P 500 has entered a bull market. Here’s what history says will happen next

by Calculated Risk on 11/29/2021 10:04:00 AM

From the NAR: Pending Home Sales Jump 7.5% in October

Pending home sales increased in October, rebounding after a decline the month prior, according to the National Association of Realtors(R). Contract activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as two regions reported drops and two others posted gains.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% to 125.2 in October. Year-over-year, signings fell 1.4%. An index of 100 is equal to the level of contract activity in 2001.
…
Compared to the previous month, contract signings rose at the strongest pace in the Midwest and South regions. Month-over-month, the Northeast PHSI increased 6.9% to 99.5 in October, a 10% drop from a year ago. In the Midwest, the index climbed 11.8% to 124.6 last month, up 5.1% from October 2020.

Pending home sales transactions in the South rose 8.0% to an index of 149.7 in October, up 0.6% from October 2020. The index in the West grew 2.1% in October to 107.5, down 6.2% from a year prior.
emphasis added

This was well above expectations of a 1.0% increase for this index. Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in November and December.

Next Post

Biden’s Blunder Could Send Oil Prices To $100

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

Real Estate Newsletter Articles this Week: The “Home ATM” was Closed in Q1

by
June 10, 2023
0

Read more

Real Estate Newsletter Articles this Week: The “Home ATM” was Closed in Q1

EV Charging Stocks Sink After General Motors Says It Will Use Tesla’s Charging Network

Bonds Are Entering a New Era. How to Play It.

The S&P 500 has entered a bull market. Here’s what history says will happen next

Schedule for Week of June 11, 2023

The bear market in stocks has officially ended and a new bull market has kicked off. Here’s why investors can expect more gains ahead.

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.