Tag: us housing markets

What is the US Pending Home Sales Report Index

Economic Indicators
US Pending Home Sales Report is presented by the National Association of Realtors which publishes the Pending Home Sales Index report, PHSI; an indicator to any changes in the housing contract activity and is considered to be a leading economic indicator in the housing market activity, the US Pending Home Sales Report. The Pending Home Sales Report is formed on the basis of the number of real estate contracts that are signed for existing condos, homes and co-operative socities. Due to the fact that a signed contract doesn't necessarily mean as a sale unless a transaction is made, it is therefore not considered as a sale, the PHSI index does not include constructions in its measure. The Pending Home Sales Report is released once every 4 weeks from the date of release of the previous repo...