Pending Home Sales decline by 1.9% in June vs. +0.3 expected


  • Pending Home Sales in US contracted in June.
  • US Dollar Index stays near 92.00 after the data.

Pending Home Sales in the US decreased by 1.9% on a monthly basis in June following May’s increase of 8.3%, the data published by the US National Association of Realtors showed on Thursday. This reading came in worse than the market expectation for an expansion of 0.3%.

Further details of the publication showed that, on a yearly basis, the change in Pending Home Sales was -1.9%.

Market reaction

The market reaction to this report was largely muted. As of writing, the US Dollar Index was down 0.28% on the day at 92.01.

 



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