U.S. June pending home sales disappoint consensus

Economic Indicators

Business, Investing

Pending home sales in the U.S. rose less than expected in June, dampening optimism over the health of the housing sector, industry data showed on Wednesday.

In a report, the National Association of Realtors (NAR) said its pending home sales indexrose by a seasonally adjusted 0.2% last month, missing expectations for an increase of 1.4%.

Pending home sales in May declined 3.7%.

Source Investing.com