US's pending home sales fell by 4.1% for the 4th straight month in February

Posted on April 4, 2022   |  

  • Pending Homes Sales Index (PHSI), which is based on marked real estate contracts, for existing single-family homes, condominiums, and co-ops, dropped by 4.1% in February from January to a reading of 104.9, which is the fourth consecutive month of decline.
  • Contract signings were down in 3 out of 4 regions, with only the Northeast registering again but year-over-year contract signings fell by 5.4%.
  • Pending transactions decreased in February due to the low number of homes for sale as home prices are continuously soaring.



Previous Next

Help us by filling out this quick price survey

A PHP Error was encountered

Severity: Warning

Message: Trying to access array offset on value of type null

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: _error_handler

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: trim(): Passing null to parameter #1 ($string) of type string is deprecated

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: trim

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

https://www.timber.exchange/global-timber-pricing-survey?u=9179efe07e6eb73e4e37d9ea9f49d478ddc55d27ad4e5b6207dc0c8553d171efefcf4e19bd9990a95b108f82697a751f5e94ae1f17adc016babd6536c464c1743FbTyvRi9mtVU9faKyxDZoTgwgjsrTjdB4JqbVBTl60%3D" class="survey-banner-link" id="bannerLink" target="_blank"> Take Survey