Pending Home Sales
Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade.
Next release: Pending Home Sales for May 2016 is scheduled for Wednesday, June 29, 2016.
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing Home Sales by a month or two.
The monthly index covers the past 12 months for the nation and four regions. The data includes seasonally adjusted as well as not seasonally adjusted figures.
For printing: PHSI Overview Chart (PDF: 16 KB)
For database work: PHSI Overview Chart (MS Excel: 38 KB)
U.S. Economic Outlook (PDF: 285 KB)
The next forecast will be released during the 2016 REALTORS® Legislative Meetings & Trade Expo.
Seasonally-Adjusted Historical Files
Each February, in conjunction with the release of final data for the previous calendar year, NAR Research conducts a normal review of seasonal activity and fine-tunes historic data for the past three years based on the most recent findings. For example, in data posted in February 2016 revisions have been made to the monthly seasonally adjusted pending sales index for 2013 through 2015; most revisions are minor with little or no impact on previous characterizations of the overall market.
Seasonally-Adjusted Historical Files (MS Excel: 34 KB)
Historical data can be purchased in the REALTOR® Store.
If you have questions about this data, please email them to email@example.com.
The Pending Home Sales (PHS) index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops.
April Pending Home Sales
In this video, NAR Chief Economist Lawrence Yun talks about the things affecting home sales right now: low mortgage rates, employment gains, inflation, gasoline prices, low inventory. He also talks about rising rents and gives an upgraded housing market forecast for 2016.