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 …
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