Pending Home Sales - United States
It is a measurement that indicates advanced trends in the US housing market by tracking residential housing contract activity within existing single-family homes. On the report the headline figure is the pervious month's percentage change in pending home sales. Usually, housing is a prime indicator of the state of the national economy, thus a decreasing demand in the housing market indicates that there is an economic slowdown. This makes consumer confidence low, housing interest rates high, and disposable income low. However an increasing demand would produce an economic recovery.
