Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.

US pending home sales see a sharp 7.4% rise in September rebound

Posted on October 31, 2024 |

The Pending Home Sales Index (PHSI), which reflects signed real estate contracts, rose by 7.4% in September to reach 75.8, marking its highest point since March 2024.

Compared to last year, pending home sales showed a 2.6% increase in September, indicating positive movement in contract signings.

In September, all major U.S. regions recorded monthly transaction increases, with the Northeast and West also showing year-over-year growth, while the Midwest and South remained stable.

The Northeast's PHSI grew by 6.5% to 65.6 in September, reflecting a 3.3% rise from the same period last year.

The Midwest saw a 7.1% monthly gain in its PHSI, reaching 75.0, the same level as in September of 2023.

The South’s PHSI rose 6.7% to 89.0, while the West jumped by 9.8% to 64.0, reflecting a 12.3% year-over-year increase.

Previous Next