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Pending home sales fall to their lowest level in two decades

Housing Wire

Pending home sales in October fell to their lowest level since 2001. in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply.

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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years.

Contracts 458
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Pending home sales fall 38% in November

Housing Wire

according to data released last Wednesday by the National Association of Realtors. Falling home sales and construction have hurt broader economic activity.”. An index of 100 is equal to the level of contract activity in 2001. Pending home sales fell for the sixth consecutive month in November, recording a 4.0%

Contracts 500
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Pending home sales fell 2.7% in May though demand remains strong

Housing Wire

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in April.

Contracts 370
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Pending home sales fall 5.2% in March

Housing Wire

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. In the new construction sector , NAR predicts sales to increase 4.5% year over year. year over year to 4.56 million for all of 2023.

Inventory 432
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Pending home sales rose 0.3% in June, the first increase in 3 months

Housing Wire

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. On the flip side, newly constructed home sales are forecast to increase 12.3%

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Pending home sales jump again in January, but don’t get too excited

Housing Wire

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%