• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

American Pending Home Sales Hit Seven-Month High in August

September 29, 2021 by Forex Winner Leave a Comment

American Pending Home Sales Hit Seven-Month High in August

Source: National Association of Realtors

US pending home sales rebounded in August to carve the highest level in seven months, driven by higher supply and moderating prices. XHB is up 1.00%

  • The Pending Home Sales Index (PHS) stood at 119.5 in August, the highest since January’s 123.4. An index of 100 is equal to the contract activity levels in 2001.
  • The latest reading is 8.1% higher than July’s 110.5 but is 8.3% lower than August 2020’s 130.3.
  • All four regions recorded month-on-month growth in contract activity. The same territories posted a decline year on year, with the northeast recording a double-digit drop.
  • NAR Chief Economist Lawrence Yun attributed the growth to rising inventory and moderating price conditions which have brought back buyers back to the market.
  • Yun noted, however, that the market could be hit by an imbalance over the long-term should home prices continue to surge, with current price gains roughly thrice wage growth. 

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

SIM Mining Announces Global Launch of Next-Gen Cloud Mining Platform!

July 15, 2025

RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income

July 14, 2025

GCCI hosts strategic meeting with APMIA Chairman – Daily Times

July 13, 2025

Footer

Forex Broker Reviews

Charles Schwab

Charles Schwab Review

May 22, 2019 By Forex Winner

easymarkets

easyMarkets Review

October 24, 2019 By Forex Winner

Tickmill Forex Broker Logo

Tickmill Review

April 23, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure