US Pending Home Sales Index MoM for August: Positive Signals Emerge

The National Association of Realtors (NAR) released the US Pending Home Sales Index month-on-month data for August on September 29, 2025. The actual reading came in at 4%, significantly above the forecast of 0.3% and the previous value of -0.40%.Data definition: The Pending Home Sales Index is derived from the number of signed contracts for existing home sales, including previously owned homes. This index provides reliable insights into the direction of the housing market. It is typically released about one week after the existing home sales data but is considered more forward-looking, as there is a lag of several weeks between contract signing and the completion of a sale. An increase in this index suggests improvement in the US real estate market.Market impact: When the actual data exceeds expectations, it is generally supportive of the US dollar. The importance level of this indicator is rated as 3. The index measures changes in the number of homes under contract, excluding new construction. It is published monthly, with the next release scheduled for October 29, 2025.

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