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.
Video: Pending Home Sales Rise in April
NAR Chief Economist Lawrence Yun discusses the increase in pending home sales in April, 2013 and the likely effect of low inventory on home prices.
Next Release
June 27, 2013, 10 a.m. ET
About the Index
The Pending Home Sales Index, 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. The PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years. A signed contract is not counted as a sale until the transaction closes.
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