The Housing Chronicles Blog: Pending Home Sales Index dipped 0.8 percent in May, due mostly to supply shortages

Wednesday, June 28, 2017

Pending Home Sales Index dipped 0.8 percent in May, due mostly to supply shortages

The Pending Home Sales Index decreased 0.8 percent to 108.5 in May from a downwardly revised 109.4 in April. The index is now 1.7 percent below a year ago, which marks the second straight annual decline and the most recent since November and December of last year.

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