A report released by the National Association of Realtors on Thursday showed a much steeper than expected drop in U.S. pending home sales in the month of August.
NAR said its pending home sales plunged by 7.1 percent to 71.8 in August after rising by 0.5 percent to a downwardly revised 77.3 in July.
Economists had expected pending home sales to decrease by 0.8 percent compared to the 0.9 percent advance originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
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.