Saturday, April 08, 2006

Pending Home Sales Level Off

The National Association of Realtors® reports that their Pending Home Sales Index (PHSI) for February "slipped 0.8 percent to a level of 117.7 ... and is 5.2 percent below February 2005."

How did different parts of the country do? "Regionally, the PHSI in the Northeast jumped 6.8 percent in February to 107.9 but was 1.2 percent below February 2005. In the Midwest, the index held even at 114.3 and was 6.0 percent below a year ago. The index in the South slipped 0.1 percent to 129.3 in February and was also 0.1 percent lower than February 2005. The index in the West fell 7.6 percent to a level of 110.9 in February and was 14.8 percent below a year ago."

You can view the data here: February PHSI data (this is a pdf document and you will need Adobe to open it).  

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