U.S. pending home sales hit 21-month high in November [Globe and Mail, The (Toronto, Canada)]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: Globe and Mail, The
Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of improved inventory despite stubbornly high mortgage rates. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose 2.2 per cent last month to 79.0 – the highest since February 2023 – from 77.3 in October. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would rise 0.9 per cent after increasing 1.8 per cent in October. Pending home sales rose 6.9 per cent from a year earlier. On a regional basis, the Midwest, South and West saw monthly increases while contract signings slipped in the Northeast. All four regions posted annual gains. The increase in contract signings in November dovetailed with a second straight rise in existing home purchase completions last month reported previously by NAR. That earlier report
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FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 1/2/25 - Form ABS-15G
- 12/26/24 - Form 8-K
- 11/25/24 - Form ABS-15G
- FMCC's page on the SEC website