A report released by the National Association of Realtors on Thursday unexpectedly showed a steep drop in pending home sales in the U.S. in the month of March.
NAR said its pending home sales index plunged by 5.2 percent to 78.9 in March after climbing by 0.8 percent to 83.2 in February. Economists had expected pending home sales to increase by 0.5 percent.
Pending home sales decreased for the first time since November 2022 but are down by 23.2 percent compared to the same month a year ago.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.