US July pending home sales +5.9% m/m vs +2.0% expected

US July pending home sales

• Prior was +16.6% m/m (revised to +15.8%)
• Sales up 15.4% y/y vs +10.8% expected
• Prior y/y 12.7% (revised to 11.8%)

This is another great reading on housing, if you needed another sign that it's red hot.