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US pending home sales -0.9% vs +0.7% exp

Nov pending home sales data from the National Association of Realtors

  • Sales -0.9%
  • +0.7% expected
  • Prior +0.2% (revised to +0.4%)
  • Sales up 5.1% y/y vs +4.0% exp
  • Prior revised to +2.3% y/y from +2.1%

The soft month-over-month reading and strong year-over-year reading don't add up. An earlier report of existing home sales was also weak but there are few genuine concerns about the housing market.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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