Dec 30, 2015
Preview: US November pending home sales to increase 0.5% month on month
US Pending Home Sales Index is scheduled to be released today at 1500 GMT. Month on month, the pending home sales is expected to rise 0.5 per cent in November as against 0.2 per cent recorded previously. Markets will closely watch today’s pending home sales data as they are considered a leading indicator for existing sales. As we know that the pending home sales index leads existing home sales by a couple of months, we can expect today’s figures to give an indication of the existing home sales in December. Existing sales is the only worrying factor in an otherwise strong house market.
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