A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plummeted by much more than expected in the month of April.
NAR said its pending home sales plunged by 3.9 percent to 99.3 in April after tumbling by 1.6 percent to a revised 103.3 in March.
Economists had expected pending home sales to descend by 2.0 percent compared to the 1.2 percent slump originally reported for the previous month.
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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.