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YoY 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 YoY Change in Pending Home Sales Index in the US

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

The year-over-year data helps understand long-term fluctuations in housing sales contracts. An increase in the Pending Home Sales Index suggests a robust housing market with rising consumer homebuying interest. Conversely, a decrease indicates 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 is also an essential source for businesses and investors for understanding housing market dynamics and making economic forecasts.

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