Investing.com - Pending home sales in the U.S. declined more-than-expected in August, erasing the previous month’s gain, industry data showed on Wednesday
In a report, the National Association of Realtors said its pending home sales index rose by 2.6% in August, compared to expectations for a 0.7% decline.
Pending home sales in July rose by an upwardly revised 2.6%.
Year-on-year, pending home sales rose at annualized rate of 9.6% in August, below expectations for a 13.5% increase, after rising 15.2% in July.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD adding 0.01% to trade at 1.2875.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average rose 0.25%, the S&P 500 index added 0.25%, while the Nasdaq Composite index edged up 0.2%.
In a report, the National Association of Realtors said its pending home sales index rose by 2.6% in August, compared to expectations for a 0.7% decline.
Pending home sales in July rose by an upwardly revised 2.6%.
Year-on-year, pending home sales rose at annualized rate of 9.6% in August, below expectations for a 13.5% increase, after rising 15.2% in July.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD adding 0.01% to trade at 1.2875.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average rose 0.25%, the S&P 500 index added 0.25%, while the Nasdaq Composite index edged up 0.2%.