by Bill McBride on 9/28/2015 10:02:00 AM
Monday, September 28, 2015
The Pending Home Sales Index, a forward–looking indicator based on contract signings, decreased 1.4 percent to 109.4 in August from 110.9 in July but is still 6.1 percent above August 2014 (103.1).This was below expectations of a 0.5% increase.
Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in September and October.
Posted by Bill McBride on 9/28/2015 10:02:00 AM