Pending home sales fell by 1.5% in April. The numbers came off the back of a 0.4% fall in existing home sales and a 6.9% slide in new home sales in April. The pullback came in spite of the downward.

Pending Home Sales data are provided by NAR solely for use as a reference. No part of the data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR’s prior written consent for those who are not members of NAR.

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. to post a comment on this article: login – or – register

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago.

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To cap it all off. Pending home sales fell for the 16th consecutive month in April, according to data from the National Association of Realtors. Economists had predicted a 0.5% increase; instead.

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From the NAR: Pending Home Sales Trail Off 1.5% in AprilPending home sales declined in April, a modest change from the growth seen a month before, according to the National. Source: NAR: "Pending Home Sales Trail Off 1.5% in April" More from my siteNAR: Pending Home Sales Index increased 1.5% in June, up 0.5% year-over-yearNAR: [.]

A lack of conviction, however, knocked the benchmark index off its strong start and contributed. while imports were $5.6 billion less than march imports. pending home sales decreased 1.5% in April.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases.

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