Pending Home Sales
From The Free Forex Encyclopedia
The measurement of signed real estate contracts for existing co-ops, condos, and single-family homes.
This data can be used as a leading indicator of future home-sales as signed contracts are not counted until the final closing transactions have been made. On average, this happens 1 or 2 months later.
This data is release the first week of every month by the National Association of Realtors.