The U.S. housing market is showing signs of resilience, as pending home sales posted a solid increase in November 2024. The latest data, updated on December 30, reveals a month-over-month rise of 2.2%, a noteworthy jump from the 1.8% increase recorded in October.
The uptick in pending home sales suggests growing consumer confidence and activity in the housing market. This monthly measure, which tracks signed contracts for home purchases, is a key indicator of future home sales and reflects the current health and momentum in the real estate sector.
With the previous month’s growth at 1.8%, the current 2.2% rise underscores an ongoing and strengthening trend. As the year draws to a close, these figures could signal positive momentum for the real estate market heading into the new year, potentially setting the stage for sustained growth in the coming months. Analysts will be watching closely to see if this upward trajectory continues, reflecting broader economic conditions and consumer readiness to invest in property.
