U.S. Pending Home Sales Down for Fourth Month

The United States Pending Home Sales Index declined by 0.3% in December to 125.5, data by the the National Association of Realtors (NAR) showed on Friday.

This is the fourth consecutive monthly decline for the index.

On an annual basis, pending home sales rose by 21.4% last month.

Meanwhile, existing home sales during 2020 recorded their highest level in 14 years.

It is worth noting that on Thursday, initial data by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development showed that the sales of new single-family houses in the United States registered a seasonally adjusted annual rate of 842,000 during December 2020.

The reading indicated a 1.6% rise compared with the revised November rate of 829,000.