EPA Diesel Fuel Update
Updated July 15, 2019
Pending Home Sales
Bounce Back 1.1% in May
But Dip in the West
Pending home sales increased
in May, a positive variation from
the minor sales dip seen in the
previous month, according to
the National Association of
Realtors®. Three of the four
major regions saw growth in
contract activity, with the West
experiencing a slight sales
decline.
Lawrence Yun, NAR chief
economist, said lower-than-
usual mortgage rates have led
to the increase in pending sales
for May. Yun said consumer
confidence about home buying
has risen, and he expects more
activity in the coming months.
The index in the Northeast rose
3.5% in May and is now 0.5%
below a year ago. In the
Midwest, the index grew 3.6%
still 1.2% lower than May 2018.
Pending home sales in the
South inched up 0.1%, 0.7%
higher than last May. The index
in the West dropped 1.8% in
May and decreased 3.1% below
a year ago.
12 WESTERN PALLET