US Feb pending home sales -1.0% m/m vs -0.5% expected

February pending home sales data

• Prior was +4.6% (revised to +4.3%)
• Sales -5.0% y/y vs -3.0% expected
• Prior -3.2% (revised to -3.3%)

Another soft report on US housing. It's not a big miss but it shows how shy home buyers are. With rates now tumbling, the next few months will be telling.