Pending dwelling gross sales for August 2022:
- prior month -1.0% revised to -0.6%
- pending dwelling gross sales -2.0% vs. -1.4% anticipated
- pending dwelling gross sales index 88.4 vs. 90.2 final month (revised from 89.8).
- Midwest -5.2% to 88.4
- Northeast -3.4% to 76.6
- South -0.9% to 105.4
- West rose 1.4% to 71.0
In index above 100 coincides with a better degree of exercise relative to 2001
The Pending Dwelling Gross sales Index (PHS), a number one indicator of housing exercise, measures housing contract exercise, and relies on signed actual property contracts for current single-family houses, condos, and co-ops. As a result of a house goes beneath contract a month or two earlier than it’s bought, the Pending Dwelling Gross sales Index usually leads Current-Dwelling Gross sales by a month or two.
Inflation
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