Pending Home Sales Index

RECENT NEWS  Jun 30  Comment 
WASHINGTON (dpa-AFX) - With lower mortgage rates and increased inventory accelerating the market, the National Association of Realtors released a report on Monday showing that pending home sales rose by much more than anticipated in the month of...
Clusterstock  Jun 30  Comment 
It's a huge, holiday-shortened week for the American economy, as tons of data will be coming out. The flood starts today. Here's what's coming up, via Calculated Risk: • At 9:45 AM ET, the  Chicago Purchasing Managers Index for June ....  May 29  Comment 
WASHINGTON (dpa-AFX) - Pending home sales in the U.S. increased for the second consecutive month in April, according to a report released by the National Association of Realtors on Thursday, although pending sales rose by much less than economists...  Apr 28  Comment 
WASHINGTON (dpa-AFX) - Pending home sales in the U.S. rebounded by much more than anticipated in the month of March, according to a report released by the National Association of Realtors on Monday. NAR said its pending home sales index surged up...
Clusterstock  Apr 28  Comment 
This is going to be a very busy week for the economy. Today it starts with two datapoints. Here they are, via Calculated Risk: • At 10:00 AM ET,  Pending Home Sales Index for March . The consensus is for a 0.6% increase in the...  Mar 27  Comment 
WASHINGTON (dpa-AFX) - Pending home sales in the U.S. decreased for the eighth consecutive month in February, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index dropped by 0.8...
Yahoo  Feb 28  Comment 
The National Association of Realtors said its pending home sales index, based on contracts signed last month, rose 0.1 percent to 95.0 in January. "Ongoing disruptive weather patterns in much of the U.S. inhibited home shopping," Lawrence Yun,...
DailyFinance  Jan 30  Comment 
WASHINGTON, DC -- (Marketwired) -- 01/30/14 -- Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of Realtors®. Declines were...
SeekingAlpha  Jan 2  Comment 
By Dave Kranzler: The National Association of Realtor's Pending Home Sale Index for November was released Monday morning. While it showed a slight increase using the seasonally adjusted annualized data, it missed expectations by a wide margin. In...
New York Times  Nov 26  Comment 
A pending home sales index dropped as a result of higher mortgage rates, price increases and the 16-day partial government shutdown.     


Related Articles


The Pending Home Sales Index (PHSI) is released by the National Association of Realtors to measure housing contract activity. Released during the first week of each month, the index is based on signed real estate contracts for existing single-family homes, condos and co-ops. A pending sale is not counted as a sale until the transaction is closed. Hence, one must understand that pending home sales index is a leading indicator for existing home sales, not new home sales. It only helps to predict actual home sales activity as pending home sales generally become existing home sales one to two months later.[1]

Error creating thumbnail
Both pending home sales and existing home sales dipped because of the credit crunch in 2007.[2]

Why is it important?

The index not only provides a gauge for housing demand, but also economic strength. Increase in the index shows that people are in good financial positions to purchase new homes. Furthermore, this index has a powerful multiplier effect through the economy. The multiplier effect can be seen from the realtor's point of view and also from the home buyer's point of view. Each time a home is resold, it will generate income for the realtors. Increase in income will lead to more consumption opportunities. As for the home buyers, consumer spending will also increase since they will have to purchase furniture and electrical appliances to furnish the new home. Trends in the pending sales data also has direct influence on stocks of home builders, mortgage lenders, and home furnishing companies.[3]


  1. National Association of Realtor: Pending Home Sales Index (PHSI)
  2. The big picture: Pending home sales index falls 6.8%
  3. Econoday: 2010 Economic Calendar
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki