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Home News Foreign exchange Information US Pending Dwelling Gross sales For August -2.0% Vs. -1.4% Anticipated | Forexlive

Foreign exchange Information US Pending Dwelling Gross sales For August -2.0% Vs. -1.4% Anticipated | Forexlive

by Gwendoline DEBONO
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forex-news-us-pending-home-sales-for-august-20%-vs-1.4%-expected-|-forexlive

Greg Michalowski - WatanNews

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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