Contracts to buy previously owned homes in the US increased 4.6 percent from a year earlier in December of 2019, below a 7.9 percent surge in November which was the largest annual increase since June 2015. Pending home sales were up in the Midwest (1.3 percent), South (7.4 percent) and West (7.0 percent) while those decreased slightly in the Northeast (-0.1 percent). On a monthly basis, pending home sales declined 4.9 percent, the biggest drop since 2010, while markets were expecting a 0.5 percent rise, as contracts were down in all regions: the Northwest (-4.0 percent), the Midwest (-3.6 percent) the South (-5.5 percent) and the West (-5.4 percent). Also, the inventory of homes for sale was the lowest on record. Lawrence Yun, NAR’s chief economist, said that mortgage rates are expected to remain under 4 percent for most of 2020 while net job creation will likely exceed two million. The economist also noted that low inventory remains a significant longer-term concern.

Pending Home Sales in the United States averaged 0.80 percent from 2002 until 2019, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011. This page provides the latest reported value for - United States Pending Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Pending Home Sales in the United States is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pending Home Sales in the United States to stand at 1.20 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.70 percent in 2021, according to our econometric models.


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United States Pending Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
4.60 7.40 30.90 -24.30 2002 - 2019 percent Monthly
Volume Index, SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 02:00 PM Sep 3.9% 2.3% 1.4% 1.2%
2019-11-27 03:00 PM Oct 4.4% 3.8% 12% 6.2%
2019-12-30 03:00 PM Nov 7.4% 4.9% 5.8% 4.7%
2020-01-29 03:00 PM Dec 4.6% 7.4% 4.4%
2020-02-27 03:00 PM Jan 4.6% 8.3% 6.9%
2020-03-30 02:00 PM Feb
2020-04-29 02:00 PM Mar 1.3%
2020-05-28 02:00 PM Apr


News Stream
US Pending Home Sales Rise 4.6% YoY
Contracts to buy previously owned homes in the US increased 4.6 percent from a year earlier in December of 2019, below a 7.9 percent surge in November which was the largest annual increase since June 2015. Pending home sales were up in the Midwest (1.3 percent), South (7.4 percent) and West (7.0 percent) while those decreased slightly in the Northeast (-0.1 percent). On a monthly basis, pending home sales declined 4.9 percent, the biggest drop since 2010, while markets were expecting a 0.5 percent rise, as contracts were down in all regions: the Northwest (-4.0 percent), the Midwest (-3.6 percent) the South (-5.5 percent) and the West (-5.4 percent). Also, the inventory of homes for sale was the lowest on record. Lawrence Yun, NAR’s chief economist, said that mortgage rates are expected to remain under 4 percent for most of 2020 while net job creation will likely exceed two million. The economist also noted that low inventory remains a significant longer-term concern.
2020-01-29
US Pending Home Sales Rise More than Expected
Contracts to buy previously owned homes in the US climbed 7.4 percent from a year earlier in November 2019, above market expectations of a 5.8 percent gain. That was the largest annual increase in pending home sales since June 2015. Contracts rose in all 4 main regions: the West (+14.0 percent); the South (+7.7 percent); the Midwest (+5.0 percent); and the Northeast (+2.6 percent). On a monthly basis, pending home sales went up 1.2 percent, rebounding from a downwardly revised 1.3 percent fall in October. The West region reported the highest growth (+5.5 percent), followed by the Midwest (+1.0 percent); while the South (-0.2 percent) and the Northeast (-0.1 percent) reported declines.
2019-12-30
US Pending Home Sales Rise 4.4% YoY
Contracts to buy previously owned homes in the US jumped 4.4 percent from a year earlier in October of 2019 amid lower mortgage rates. That was the largest annual increase in pending home sales since December 2015, as contracts were up in all 4 main regions: the West (7.5 percent), the South (5.1 percent), the Northeast (3 percent) and the Midwest (1.8 percent). On a monthly basis, pending home sales shrank 1.7 percent, while markets were expecting a 0.8 percent rise. The Northeast experienced a minor uptick (1.9 percent), but the other three major US regions reported declines: the West (-3.4 percent), the Midwest (-2.7 percent) and the South (-1.7 percent). Lawrence Yun, NAR’s chief economist, noted the decline in inventory and a small rise in mortgage rates in October from September to, in part, explain this month’s signings drop. “While contract signings have decreased, the overall economic landscape remains favorable,” Yun said.
2019-11-27
US Pending Home Sales Rise the Most in 4 Years
Contracts to buy previously owned homes in the US jumped 3.9 percent from a year earlier in September 2019 amid lower mortgage rates, easily beating market expectations of 1.4 percent. That was the largest annual increase in pending home sales since December 2015, as contracts were up in the South (5.7 percent), West (3.4 percent), Midwest (2.7 percent), and Northeast (1.3 percent). On a monthly basis, pending home sales climbed 1.5 percent, while markets had forecast a 0.9 percent rise.
2019-10-29

United States Pending Home Sales
Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed. The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined.