» Pending Home Sales Decision Economics

Pending Home Sales

Posted May 27, 2011 by Editor

[private][private]The April pending existing-home sales index drops an unexpectedly severe 11.6% (Consensus: -1.0%; Decision Economics: +2.0%), from a prior-month level revised down by 1.6%. Only the Northeast showed an increase (+1.7%), but that region was down more than any other on a year-to-year basis (-33.4%).