June pending home sales index rebounds 0.9 percent from May, but still down 2.5 percent year-on-year

The Pending Home Sales Index rose 0.9 percent to 106.9 in June from 105.9 in May. Despite last month's increase, contract signings are still down 2.5 percent on an annual basis.

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April pending home sales down 1.3 percent from March and 2.1 percent year-on-year

Due to tight inventory, the Pending Home Sales Index  declined 1.3 percent to 106.4 in April from an upwardly revised 107.8 in March. With last month's decrease, the index is down on an annualized basis (2.1 percent) for the fourth straight month.

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March pending home sales index up 0.4 percent from February, but down 3.0 percent year-on-year

The Pending Home Sales Index inched up 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Even with last month's increase in activity, the index declined on an annualized basis (3.0 percent) for the third straight month.

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February Pending Home Sales Index rebounds 3.1 percent, but still down 4.1 percent year-on-year

The Pending Home Sales Index grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January. Even with last month's increase in activity, however, the index is 4.1 percent below a year ago due largely to lack of inventory and affordability issues, especially for first-time buyers.

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January pending home sales fell to lowest level since October 2014

The Pending Home Sales Index fell 4.7 percent to 104.6 in January from a downwardly revised 109.8 in December 2017. After last month's retreat, the index is now 3.8 percent below a year ago and at its lowest level since October 2014 (104.1).The decline was attributed to low supply levels and rising interest rates.

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December pending home sales up 0.5 percent from both November and year-on-year

The Pending Home Sales Index, a forward-looking indicator based on contract signings, moved higher 0.5 percent to 110.1 in December from an upwardly revised 109.6 in November. With last month's modest increase, the index is now 0.5 percent above a year ago.

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November Pending Home Sales Index up 0.2 percent from October and 0.8 percent year-on-year

The Pending Home Sales Index rose 0.2 percent to 109.5 in November from 109.3 in October. With last month's modest increase, the index remains at its highest reading since June (110.0), and is now 0.8 percent above a year ago.

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September Pending Home Sales Index flat from August, down 3.5 percent year-on-year on supply constraints

The Pending Home Sales Index was at 106.0 in September, unchanged from August.  The index is now at its lowest reading since January 2015 (104.7), is 3.5 percent below a year ago, and has fallen on an annual basis in five of the past six months.

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August Pending Home Sales Index fell to lowest level since January 2016

The Pending Home Sales Index retreated 2.6 percent to 106.3 in August. The index is now at its lowest reading since January 2016 (106.1), is 2.6 percent below a year ago, and has fallen on an annual basis in four of the past five months.

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Pending Home Sales Index fell again in July as inventory remained tight

The Pending Home Sales Index decreased 0.8 percent to 109.1 in July. After last month's decline, the index is now 1.3 percent below a year ago and has fallen on an annual basis in three of the past four months.

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Pending Home Sales Index rebounded 1.5 percent in June after three months of declines

The Pending Home Sales Index climbed 1.5 percent on June. The index also increased year-on-year for the first time since March, rising 0.5 percent.

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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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April pending home sales index posts first year-over-year decline since December

The Pending Home Sales Index decreased 1.3 percent to 109.8 in April from a downwardly revised 111.3 in March. After last month's decline, the index is now 3.3 percent below a year ago, which is the first year-over-year decline since last December and the largest since June 2014 (7.1 percent).

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