The Investor
17 Sep 2026, 14:34
U.S. Pending Home Sales Rise 0.3% in August as GDPNow Holds at 5.1%
U.S. pending home sales rose 0.3% month over month in August, beating expectations for a 0.2% decline and rebounding from a 2.6% drop in the previous month.
The stronger reading suggests some stabilization in housing demand despite elevated mortgage rates and ongoing affordability pressures. Pending home sales track signed contracts and are often viewed as a leading indicator for future existing-home sales.
Separately, the Atlanta Fed’s GDPNow model kept its estimate for third-quarter U.S. economic growth unchanged at 5.1%.
Together, the data point to continued resilience in the U.S. economy. Housing demand showed a modest improvement, while the GDPNow estimate continued to signal strong overall growth momentum in the third quarter.
U.S. pending home sales rose 0.3% month over month in August, beating expectations for a 0.2% decline and rebounding from a 2.6% drop in the previous month.
The stronger reading suggests some stabilization in housing demand despite elevated mortgage rates and ongoing affordability pressures. Pending home sales track signed contracts and are often viewed as a leading indicator for future existing-home sales.
Separately, the Atlanta Fed’s GDPNow model kept its estimate for third-quarter U.S. economic growth unchanged at 5.1%.
Together, the data point to continued resilience in the U.S. economy. Housing demand showed a modest improvement, while the GDPNow estimate continued to signal strong overall growth momentum in the third quarter.
