Posts Tagged ‘pending home sales’

Economic Numbers – Manufacturing Looking Better, Housing Not So Much

Here’s a mixed bag of economic reports. They won’t have you doing handsprings. Per MarketWatch pending home sales were up 0.1% in May. That’s so small that is counts as nothing more than noise. At the same time, MarketWatch reports that mortgage applications for last week were down 18.9%. Applications for home purchases were off […]

Pending Home Sales Up

Pending home sales (contracts signed but not closed) rose 6.7% for contracts signed in April. The April reading was 90.3 versus 87.5 in March. Low interest rates, lower home prices and government incentives were all factors in pushing up the index. Of some interest was the geographical disparity in the numbers. From the National Association […]

Pending Home Sales Are Up: Does That Mean Anything?

The housing market seems to be sprouting green shoots right and left — or is it? Reuters reports that the NAR’s pending home sales index was up for March: The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in March, rose 3.2 percent to 84.6 as first-time buyers waded […]

Economic News: It Could Be Worse

Here’s a bit of economic news for you to digest while you wait for news of our salvation from London. The ISM reported that their March reading came in at 36.3, still in a contraction mode. But new orders rose to 41.2 from 33.1 in February. A reading of 50 indicates stability so we are […]