- Pending Home Sales saw a larger than expected 3.8% MoM drop in December.
- There was no discernable immediate market reaction to the data.
Pending Home Sales in the US fell by 3.8% on a monthly basis in December following November’s 2.3% decline (revised lower from a 2.2% decline), data published by the US National Association of Realtors showed on Thursday. That was well below expectations for a decline of 0.2% MoM. The Pending Home Sales Index fell to 117.7 in December from 122.3 (downwardly revised from 122.4) in November.
There was no discernable immediate market reaction to the data.