-1.2%
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Month-over-month, contract signings in March 2022 increased in the Northeast and fell in the other three regions of the U.S. All regions reported decreases in year-over-year contract activity.
Next release: Pending Home Sales for April 2022 will be released on Thursday, May 26, 2022 at 10:00 a.m. Eastern.
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.