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Group says pending sales of existing US homes rise in April to highest level since October

Group says pending sales of existing US homes rise in April to highest level since October

An industry group says pending U.S. home sales unexpectedly increased in April to the highest reading since October, but are still off more than 13 percent from a year ago.
The National Association of Realtors said Monday its seasonally adjusted index of pending sales for existing homes rose to 88.2 from a March reading of 83.0, the index's low. The index stood at 101.5 in April 2007.
Wall Street economists polled by Thomson/IFR had predicted the index would remain steady at 83.
A reading of 100 is equal to the average level of sales activity in 2001, when the index started.


Updated : 2021-04-13 13:08 GMT+08:00