US June pending home sales -1.1% m/m vs +0.5% expected via ForexLive

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Highlights of the US pending home sales report:

  • The decline follows three months of increases
  • Sales fell in the Northeast and the South, but rose in the West and the Midwest.
  • Index at 102.7
  • Sales down 7.3% y/y vs -5.2% exp
  • Prior was +6.1% m/m and -6.9% y/y

There have been some disappointing numbers in housing data lately, especially in housing starts. This is a lower tier housing indicator but doesn't paint a much better picture.

posted via ForexLive

Posted In: ForexGlobalEconomics
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