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Road Signs: Barry Habib's Weekly Update for September 30, 2019

Click HERE for your PDF version of Road Signs by Barry Habib

Weekly Update for September 30, 2019

Pending Home Sales

Pending Home Sales, which measures signed contracts on existing homes and is a good leading indicator for Existing Home Sales, were up 1.6% in August. This reading was stronger than expectations of a 0.6% gain and the second best number in the last 12 months. The gains were broad based, with sales up in every region. Pending Home Sales are now up a 2.5% annually. Today's report continues the string of strong housing data.