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.
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.
Next release: Pending Home Sales for June is scheduled for July 28, 2014
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: 24 KB)
For database work: PHSI Overview Chart (MS Excel: 34 KB)
U.S. Economic Outlook : July 2014 (PDF: 44 KB)