Tin tức thị trường
27.06.2024

U.S. pending home sales unexpectedly decrease in May

The National Association of Realtors (NAR) informed on Thursday its seasonally adjusted pending home sales index (PHSI) dropped by 2.1 per cent m-o-m to 70.8 in May, following an unrevised 7.7 per cent m-o-m plunge in April. 

Economists had forecast pending home sales to rise 2.5 per cent m-o-m in May.

On a y-o-y basis, the index plummeted 6.6 per cent after an unrevised 7.4 per cent tumble in April. 

According to the report, pending home sales operations declined in South (-5.5 per cent m-o-m) and Midwest (-0.4 per cent m-o-m) but increased in the West (+1.4 per cent m-o-m) and Northeast (+1.1 per cent m-o-m). Compared to May 2024, all four U.S. regions also posted decreases, led by the South (-10.4 per cent y-o-y).

Commenting on the latest report, Lawrence Yun, NAR’s chief economist, noted that the U.S. housing market is at an interesting point with rising inventory and lower demand. “Supply and demand movements suggest easing home price appreciation in upcoming months,” he added. “Inevitably, more inventory in a job-creating economy will lead to greater home buying, especially when mortgage rates descend.”

Xem thêm