Wood News

November pending home sales up from October but below 2012

PORTLAND, OR , Jan. 2, 2014 (RISI) - 

The National Association of Realtors' Pending Home Sales Index, increased 0.2% to 101.7 in November from a downwardly revised 101.5 in October but is 1.6% below November 2012 when it was 103.3.

The PHSI in the Northeast declined 2.7% to 82.6 in November but is 1.9% above a year ago. In the Midwest, the index fell 3.1% to 100.6 in November but is 0.4% higher than November 2012. Pending home sales in the South rose 2.3% to an index of 116.1 in November, 0.1% above a year ago. The index in the West increased 1.8% to 95.0 but is 8.7% below November 2012, in part from inventory.

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