Pending Home Sales (YoY)
economic
Updated: 30 Nov, 3:00 pm UTC
Deviation
-6%
Consensus
-10.7%
Previous
-31%
Actual
-37% Description
Source: United States
The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).