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

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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.