The National Association of Realtors® (NAR) has reported that pending home sales increased in November, rebounding from the month of October’s decline. The West region reported the highest growth last month, while the other 3-major U.S. regions saw only marginal variances. The NAR Pending Home Sales Index, which is a forward-looking indicator based on contract signings, not actual closings, rose 1.2% to 108.5 in November. Year-over-year contract signings jumped 7.4%
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.