Oct
27
Pending Sales of U.S. Existing Homes Increased 1.5% in September
ByContracts to purchase previously owned U.S. homes increased in September for a second month in the last three, the National Association of Realtors said Thursday in Washington, signaling strong job growth and rising wages are supporting housing demand.
Key Points
- Pending home sales rose 1.5 percent (median estimate was for 1 percent gain) after a revised 2.5 percent decline in August
- Seasonally adjusted index climbed to 110 from 108.4
- Contract signings were up 2 percent from September 2015 on an unadjusted basis…
Pending Sales of U.S. Existing Homes Increased 1.5% in September
