May
26
Pending Sales of U.S. Existing Homes Rise by Most Since 2010
ByContracts to purchase previously owned U.S. homes climbed in April by the most since October 2010, adding to signs that the industry’s busy selling season was off to a good start, according to data released Thursday by the National Association of Realtors.
Key Points
- Index of pending home resales increased 5.1 percent (forecast was 0.7 percent) after a revised 1.6 percent gain in March
- Measure increased 2.9 percent from April 2015 on an unadjusted basis (forecast was 0.2 percent)
- Three of four regions increased, including a 11.4 percent surge in the West that was the biggest in records back to 2001
- Sales gauge rose to a decade-high of 116.3 on a seasonally adjusted basis, with 100 indicating “historically healthy” buying activity, according to NAR…
Pending Sales of U.S. Existing Homes Rise by Most Since 2010
