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MoM Change in Pending Home Sales Index in the US

Country:
USDUnited States
Importance:
★★
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About MoM Change in Pending Home Sales Index in the US

The Pending Home Sales Index's month-over-month comparison measures the change in the number of residential sales contracts in the United States from the previous month. Published monthly by the National Association of Realtors (NAR), this data is essential for assessing trends in the housing market.

The month-over-month data helps track how housing sales contracts are fluctuating in the short term. An increase in the Pending Home Sales Index indicates a robust housing market with rising consumer homebuying interest. Conversely, a decrease suggests a potential stagnation in the housing market.

This data serves as a vital reference for policymakers to assess housing market trends and formulate appropriate housing policies. It also provides crucial information for businesses and investors to understand housing market dynamics and make economic forecasts.

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