US: Pending Home Sales decline in March

Pending Home Sales in the US fell sharply in March. US Dollar Index holds in positive territory above 101.50.

Pending Home Sales in the US declined by 5.2% on a monthly basis in March, the data published by the National Association of Realtors showed on Thursday. This reading followed February’s no-change (revised from +0.8%) and came in much worse than the market expectation for an increase of 0.5%.

On a yearly basis, Pending Home Sales fell by 23.2%, compared to analysts’ estimate for a decline of 22.8%.

The US Dollar Index showed no immediate reaction to these data and was last seen rising 0.2% on the day at 101.65.