Pending home sales fell by more than expected in February
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Pending home sales fell 1.6% on the month in August, falling for the fourth straight month. missing expectations for a 1 percent fall. They were also up a more modest 2.9% year-over-year, compared.
Washington: A report released by the Commerce Department on Friday showed a much bigger than expected increase in U.S. new home sales in the month of February.
Pending sales are based on signed contracts that have not yet closed, so they are a gauge of future sales. SEE ALSO: Existing home sales ease in February from a 10-year high More: Pending Home Sales
· Investing.com – U.S. new home sales fell more than expected in February, underlining concerns over the health of the housing sector, official data showed on Tuesday. In a.
A sale pending sign stands in. Shares of LGI Homes, Inc. LGIH, -4.12% , which are up nearly 30% in the year to date, fell nearly 3% Tuesday. KB Home KBH, -2.37% ‘s stock, up more than 22% for the.
· U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties.
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U.S. Pending Home Sales Climb More Than Expected In February By RTTNews Staff Writer | published: 3/28/2016 10:05 AM ET Partly reflecting strong growth in the Midwest, the National Association of Realtors released a report on Monday showing a bigger than expected increase in U.S. pending home sales in the month of February.
Last month, existing home sales fell in all four regions. There were 1.68 million previously owned homes on the market in March, up from 1.63 million in February. At March’s sales pace, it would take 3.9 months to exhaust the current inventory, up from 3.6 months in February.
THE TAKEAWAY: [US Pending Home Sales fell more than expected in February] > [Inventory shortage held back a further recovery in housing, while demand remains high] > [USD/CAD Bullish] The number.
Pending home sales in the South rose 1.2% to an index of 129.4 in March and are now 3.9% above last March. The index in the West fell 2.9% in March to 94.5, and is now 2.7% below a year ago.