Economic Event | Pending Home Sales |
Units | Percentage Change from Previous Period |
Current Period | Feb 2011 |
Release Date | Mar. 28. 11 |
Reported | 2.1 |
Consensus for Current Period | -0.9 |
Number of Forecasts | 4 |
Economic Surprise | 3 ( 333.33 % ) |
Prior Period | Jan 2011 |
Reported Value for Prior Period | -2.8 |
Revised From | |
Next Release Date | Apr. 28. 11 |
Next Release Time | 10:00 AM Eastern Time |
Source | http://www.realtor.org/press_room/news_releases/2011/03/pending_feb_rise |
Note | |
Description | It is designed to be a leading indicator of housing activity. The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. |