US January pending home sales data now out 28 Feb
- 0.5% prev
- yy NSA -1.7% vs -1.8% prev
Soggy data but notoriously fickle/volatile ( see chart below). Still lowest level in 3 years though and further evidence the housing market having a bit of slowdown. Pending sales should become reality in 3-4 months so let’s see how that pans out.
The Pending Home Sales released by the National Association of Realtors is a leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes
USD unfazed still and finding some buyers post-option expiry time. Yen demand still notable though as USDPY struggles to rally too far.
GBPUSD down to 1.3793, EURUSD 1.2205 AUDUSD 0.7796 USDCAD 1.2798
US Pending Home Sales mm