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US Pending Home Sales Plunge Back Near Record Lows In July

US Pending Home Sales Plunge Back Near Record Lows In July Following another disappointment in existing home sales in July, weak homebuilder sentiment, and plunging housing starts, pending home sales tumbled for the second month in a row in July (-2.3% MoM vs 0.0% exp - below thew worst forecast), dragging sales down 2.5% YoY - the biggest annual drop since April 2025... This decline matches the second-worst reading in data back to 2001... “The highest mortgage rates of the year hit right in the middle of summer, and that’s pulling back contract...
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Sep 10, 2026 / Tyler Durden
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Sep 10, 2026 / Tyler Durden
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May 6, 2026 / Tyler Durden
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
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