More good news for the US economy as pending home sales showed gains in March
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Argonath Financial
More good news for the US economy as pending home sales showed gains in March. The Pending Home Sales Index is a useful indicator because it's forward-looking - it's based on contract signings and not actual deal closures. The March gain stands out because it's the first gain in the last 9 months. The index rose 3.4% from last February to 97.4. In comparison, the index is still 7.9% below last year's 105.7. Nevertheless, the March results are a good sign for the housing industry as well as the economy in general, especially after last week's dismal New Residential Home Sales report. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise