Pending Home Sales Index
NAR's Pending Home Sales Index (PHSI) is released during the first week of each month. It is designed to be a leading indicator of housing activity.
The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.
Pending Home Sales Index Overview
Monthly index back 12 months for the nation and four regions. Includes seasonally adjusted as well as not seasonally adjusted figures.
- For printing: PHSI Overview Chart (PDF: 57K)
- For database work: PHSI Overview Spreadsheet (MS Excel: 27K)
PHSI Background
Details the history of the Pending Home Sales Index and how it is calculated. Read more >
Pending Home Sales Index News Releases
The NAR Public Affairs Office issues a news release in the first week of each month on the latest index figures.
Next release: The July index will be released at 10:00 a.m. (EDT) on September 9, 2008
For further information on the Pending Home Sales Index and other real estate statistics, reports, and products, contact NAR Research.
