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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Pending Home Sales MoM climbed to 3.8% in May 2026
FMPMonthlyReleased June 2026
US Pending Home Sales MoM climbed to 3.8% in May 2026, released June 2026, up 3.5% from April's 0.3% reading. The print exceeded the 0.8% consensus by 3.0%. The print is running well above the 12-month average of 0.62%. Over the past 3 months, Pending Home Sales MoM averaged 1.45%, vs 1.43% in the prior 3-month window. Pending Home Sales MoM is now the highest in 7 months.
Latest Release
3.8
Actual
0.8
Consensus
0.3
Previous
Median Absolute Error
±2.4 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.25
Actual: 1.4
Error: -1.65
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GOOGL | ▼ Inverse | −0.66 | STOCKS | Bearish GOOGL | → View |
| GBP/USD | ▲ Direct | +0.52 | FOREX | Bullish GBP | → View |
| USD/CHF | ▼ Inverse | −0.48 | FOREX | Bearish USD | → View |
| S&P 500 | ▼ Inverse | −0.47 | INDEX | Bearish S&P 500 | → View |
| AUD/USD | ▲ Direct | +0.43 | FOREX | Bullish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Pending Home Sales MoM (United States) was reported at 3.8% in June 2026. This beat the market consensus of 0.8% by 3%. The reading rose from the previous value of 0.3%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 1.22%, ranging from -0.8% to 4% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.8%, down from the prior three at 1.73%. Volatility over the past year (σ 1.6%) is lower than the prior year (σ 4.6%). In May readings over the past 3 years, Pending Home Sales MoM has averaged -4.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GOOGL (Bearish GOOGL). A secondary relationship exists with GBP/USD, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 2.4%.
WHAT TO WATCH NEXT
The next release is scheduled for July 16, 2026. Same-country events in the next 14 days include Philadelphia Fed Manufacturing Index (Jun 18) and Initial Jobless Claims (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Pending Home Sales MoM - US
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About Pending Home Sales MoM — United States
DEFINITION
Pending Home Sales MoM (Month-over-Month) is a leading economic indicator that measures the change in the number of homes under contract for sale, but not yet closed, during a specific month. This indicator provides valuable insight into the current state of the housing market and can help forecast future trends. A higher percentage of pending home sales MoM indicates a strong demand for homes, while a lower percentage may suggest a slowing housing market. This data is closely monitored by economists, investors, and real estate professionals to gauge the health of the overall economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 3.8 %, consensus 0.8 %. Prior reading (Apr 2026): 1.4 %. Before that (Mar 2026): 1.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GOOGL (Bearish GOOGL, r=-0.66) — a useful reference for stocks-focused traders.