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National Association of Realtors - Pending Home Sales Index - February 2008

April 16th, 2008 9:12 AM by Lehel Szucs

Here is the link to the National Association of Realtors - Pending Home Sales Index - February 2008.

http://www.realtor.org/Research.nsf/files/PHS.pdf/$FILE/PHS.pdf

 

PENDING HOME SALES INDEX

NAR's Pending Home Sales Index (PHSI) is released during the first week of each month. It is designed to be a leading indicator of housing activity.

The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.




Pending Home Sales Index (PHSI) Overview
Monthly index back 12 months for the nation and four regions. Includes seasonally adjusted, as well as not-seasonally adjusted figures.

Posted in:General
Posted by Lehel Szucs on April 16th, 2008 9:12 AM

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