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Pending home sales increase 2.4% in February in U.S.

Christian Fernsby |
Pending home sales rose in February, climbing for the second consecutive month, according to the National Association of Realtors.

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Topics: HOME    U.S.   

Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one year ago.

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, grew 2.4% to 111.5 in February.

Year-over-year contract signings increased 9.4%.

An index of 100 is equal to the level of contract activity in 2001.


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