Pending home sales increase 2.4% in February in U.S.Christian Fernsby ▼ | March 30, 2020
Pending home sales rose in February, climbing for the second consecutive month, according to the National Association of Realtors.
American home The Pending Home Sales Index grew 2.4% to 111.5 in February
Topics: Home U.S.
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. ■