US April pending home sales -1.3% vs +0.5% m/m expected

April US pending home sales
– Prior was -0.8% (revised to -0.9%)
– Pending home sales -5.4% y/y vs +0.5% prior
Another miss for the US economy and US dollar. It’s a lower-tier indicator — even for housing — but the trend is headed in the wrong direction.

US April pending home sales -1.3% vs +0.5% m/m expected

April US pending home sales
– Prior was -0.8% (revised to -0.9%)
– Pending home sales -5.4% y/y vs +0.5% prior
Another miss for the US economy and US dollar. It’s a lower-tier indicator — even for housing — but the trend is headed in the wrong direction.