| Economic Event | Pending Home Sales |
| Units | Percentage Change from Previous Period |
| Current Period | Dec 2011 |
| Release Date | Jan. 25. 12 |
| Reported | -3.5 |
| Consensus for Current Period | 0.7 |
| Number of Forecasts | 3 |
| Economic Surprise | -4.2 ( -600.00 % ) |
| Prior Period | Nov 2011 |
| Reported Value for Prior Period | 7.3 |
| Revised From | |
| Next Release Date | Feb. 27. 12 |
| Next Release Time | 10:00 AM Eastern Time |
| Source | http://www.realtor.org/press_room/news_releases/2012/01/phs_dec |
| 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. |