Housing data from the National Association of Realtors:

  • Prior reading was -4.5% y/y (revised to -4.7%)
  • Sales up 3.3% m/m vs 0.5% expected
  • Prior m/m sales revised to -1.3% vs -1.1% initially reported

Even though pending home sales is a low-tier housing indicator, it’s still yet another good US data point.