The 'Pending Home Sales MoM' in the USA measures the month-over-month change in the number of homes under contract to be sold but still awaiting the closing transaction. This indicator is significant as it provides insights into future housing activity and consumer demand, influencing economic growth and monetary policy decisions. A rise in pending home sales suggests increased economic activity and consumer confidence, while a decline may signal a slowdown. Financial markets often react to this data as it can impact interest rate expectations and housing-related stocks.
The 'Pending Home Sales MoM' in the USA measures the month-over-month change in the number of homes under contract to be sold but still awaiting the closing transaction. This indicator is significant as it provides insights into future housing activity and consumer demand, influencing economic gr...