Pending home sales fell by more than expected in February

With home price growth at the slowest rate since 2012, rates falling, and existing home sales having rebounded notably, pending home sales are expected to slow very modestly in February after rebounding in January, but they fell more than expected.. Pending Home Sales fell 1.0% MoM (against expectations of a 0.5% decline)

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The numbers: Sales at U.S. retailers fell in February for the second time in three months in another sign of a slowdown infecting broad swaths of the economy early in the new year. The saving grace?.

NEW YORK ( — Sales of existing homes rose more than expected in July, but prices continued to fall and inventory increased. and it’s the highest pace since February. Still, July sales.

THE TAKEAWAY: [US Pending Home Sales fell more than expected in February] > [Inventory shortage held back a further recovery in housing, while demand remains high] > [USD/CAD Bullish] The number.

Pending U.S. home sales fell more than expected in July as the housing market’s struggles continued, an industry group said today. The National Association of.

This was just below the consensus forecast of 683,000 and lower than an. Even though there was a decline in mortgage rates and the median sales price, Pending home sales in the South edged 0.1% higher to an index of 124.1 in May,. had grown by only 75,000 in May, the weakest jobs number since February.

The pending home sales index in the Northeast fell 0.8% to 92.1 in February, while the index for the Midwest was down 7.2% to 93.2. For the South, the index ticked up 1.7% to 121.8 last month.

An "Open House" sign is displayed outside a new home construction at the Creeks of Legacy development in Prosper, Texas, U.S. (photographer: laura buckman/bloomberg) U.S. Pending Home Sales Fell by More Than Expected in February

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A separate report this week showed new-home groundbreakings fell in February by the most in eight months, while other data indicate existing home sales rebounded last month to the best pace in almost a year.

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Pending sales were expected. about home buying has risen, and he expects more activity in the coming months. "The Federal Reserve may cut interest rates one more time this year, but there is no.

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