PHSI Archive

Supply Constraints in West Slow Contract Signings

NAR’s forward-looking pending home sales index slipped 4.4 percent in December, signaling a loss of momentum in contract signings, but the easing seems to be more about inventory shortages than weak demand, NAR Chief Economist Lawrence Yun says. “Clearly...
January 28, 2013

Pending Sales Up but Uncertainty Looms

If any more evidence is needed that home sales are recovering we have it in NAR’s latest pending home sales data, for November, which were released last week. The index is up for the third straight month and it’s...
December 31, 2012

Jobs, Rising Rents Help Pending Sales Inch Up

NAR’s forward-looking pending home sales index showed a very small rise in September, just 0.3 percent, but it’s one more data point to suggest the recovery is solidly underway even if it remains modest. The rise represents the latest...
October 25, 2012

At the Bottom, but Maybe Not for Long

The Wall Street Journal today says the housing market nationally is bottoming out, the essential first step before it can start rising again. But the Journal is a little pessimistic that the upward bounce is coming any time soon....
April 30, 2012

2012 Home Sales: Positives on Many Fronts

NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time...
January 3, 2012