Pending home sales in the U.S. grew 3.3% month-on-month, accelerating from a 2.4% increase previously. The gain is 0.9 percentage points higher than last month’s pace, marking a stronger upswing in housing activity.
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The 3.3% rise also beat analysts’ expectations for a 1.0% increase by a wide margin, signaling firmer housing demand than anticipated. Homebuilder and construction stocks are likely to benefit as stronger contract signings support revenue visibility, while housing-related retail and materials names may see improved sentiment. The surprise strength leans positive for broader equity markets in the near term, though it may also reinforce views that the housing sector remains resilient within the wider economic cycle.