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Pending Home Sales (MoM)

The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

Most recent - Thursday 25 May 2023 14:00

Previous
-5.2%
Revised
-
Forecast
1%
Actual
0%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 29 June 2023 14:00

Previous
0%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Pending Home Sales (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Pending Home Sales (MoM) was 0% against a forecast of 1%.

Past events

Date
Forecast
Actual
Thursday 25 May 2023 14:00
1%
0%
Thursday 27 April 2023 14:00
0.5%
-5.2%
Wednesday 29 March 2023 14:00
-3%
0.8%
Monday 27 February 2023 15:00
1%
8.1%
Friday 27 January 2023 15:00
-0.9%
2.5%
Wednesday 28 December 2022 15:00
0.6%
-4%
Wednesday 30 November 2022 15:00
-5.2%
-4.6%
Friday 28 October 2022 14:00
-5%
-10.2%
Wednesday 28 September 2022 14:00
-1.4%
-2%
Wednesday 24 August 2022 14:00
-4%
-1%
Wednesday 27 July 2022 14:00
-1.5%
-8.6%
Monday 27 June 2022 14:00
-3.7%
0.7%
Thursday 26 May 2022 14:00
-2%
-3.9%
Wednesday 27 April 2022 14:00
-1.6%
-1.2%
Friday 25 March 2022 14:00
1%
-4.1%
Friday 25 February 2022 15:00
1%
-5.7%
Thursday 27 January 2022 15:00
-0.2%
-3.8%
Wednesday 29 December 2021 15:00
0.5%
-2.2%
Monday 29 November 2021 15:00
1%
7.5%
Thursday 28 October 2021 14:00
0%
-2.3%
Wednesday 29 September 2021 14:00
1.4%
8.1%
Monday 30 August 2021 14:00
0.4%
-1.8%
Thursday 29 July 2021 14:00
0.3%
-1.9%
Wednesday 30 June 2021 14:00
-0.8%
8%
Thursday 27 May 2021 14:00
0.8%
-4.4%
Thursday 29 April 2021 14:00
5%
1.9%
Wednesday 31 March 2021 14:00
-2.6%
-10.6%
Thursday 25 February 2021 15:00
0%
-2.8%
Friday 29 January 2021 15:00
-0.1%
-0.3%
Wednesday 30 December 2020 15:00
0%
-2.6%
Monday 30 November 2020 15:00
1%
-1.1%
Thursday 29 October 2020 14:00
3.4%
-2.2%
Wednesday 30 September 2020 14:00
3.2%
8.8%
Thursday 27 August 2020 14:00
3%
5.9%
Wednesday 29 July 2020 14:00
15%
16.6%
Monday 29 June 2020 14:00
19.7%
44.3%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Pending Home Sales (MoM) result:

PreviousLatest
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4.4%4.3%
Labor Force Participation Rate(no change)62.6%62.6%
Nonfarm PayrollsBullish change294K339K
U6 Underemployment RateBearish change6.6%6.7%
Unemployment RateBearish change3.4%3.7%
ISM Manufacturing Employment IndexBullish change50.251.4
ISM Manufacturing New Orders IndexBearish change45.742.6
ISM Manufacturing PMIBearish change47.146.9
ISM Manufacturing Prices PaidBearish change53.244.2
S&P Global Manufacturing PMIBearish change48.548.4
Initial Jobless ClaimsBearish change230K232K
Initial Jobless Claims 4-week averageBullish change232K229.5K
Nonfarm ProductivityBullish change-2.7%-2.1%
Unit Labor CostsBearish change6.3%4.2%
ADP Employment ChangeBearish change291K278K
Chicago Purchasing Managers' IndexBearish change48.640.4
Housing Price Index (MoM)Bearish change0.7%0.6%
S&P/Case-Shiller Home Price Indices (YoY)Bearish change0.4%-1.1%
Michigan Consumer Sentiment IndexBullish change57.759.2
UoM 5-year Consumer Inflation ExpectationBearish change3.2%3.1%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.3%0.4%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change4.6%4.7%
Durable Goods OrdersBearish change3.3%1.1%
Durable Goods Orders ex DefenseBearish change3.2%-0.6%
Durable Goods Orders ex TransportationBearish change0.3%-0.2%
Nondefense Capital Goods Orders ex AircraftBullish change-0.6%1.4%
Personal Income (MoM)Bullish change0.3%0.4%
Personal SpendingBullish change0.1%0.8%
Chicago Fed National Activity Index Bullish change-0.370.07
Core Personal Consumption Expenditures (QoQ)Bullish change4.9%5%
Gross Domestic Product AnnualizedBullish change1.1%1.3%
Gross Domestic Product Price IndexBullish change4%4.2%
Initial Jobless ClaimsBearish change225K229K
Initial Jobless Claims 4-week average(no change)231.75K231.75K
Personal Consumption Expenditures Prices (QoQ)(no change)4.2%4.2%
New Home Sales (MoM)Bullish change0.656M0.683M
S&P Global Composite PMIBullish change53.454.5
S&P Global Manufacturing PMIBearish change50.248.5
S&P Global Services PMIBullish change53.655.1

About Pending Home Sales (MoM)

Country:United States
Currency:USD
Source:National Association of Realtors
Category:Housing Market
Frequency:Monthly

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