US Feb pending home sales +3.1% vs +2.0% expected

February pending home sales

• Prior was -4.7% (revised to -5.0%)
• Non-seasonally adjusted -4.4% vs -1.9% prior

You can see there is a big seasonal adjustment factor. February is naturally a very slow time for sales and the market is a bit concerned about US housing but if the economy is strong and rates don't go up too quickly, housing worries will fade.