Beazer Homes (BZH) Posts Q1 Loss of 68c/Share
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Dec. MoM Pending Home Sales -3.7% vs 0.5% Expected
January 29, 2015 10:00 AM ESTDec. MoM Pending Home Sales -3.7% vs 0.5% Expected
UPDATE - More from the NAR:
Despite interest rates being at their lowest level of 2014, pending home sales cooled in December but remained above year-over-year levels for the fourth consecutive month, according to the National Association of Realtors. All major regions experienced declines in December.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 3.7 percent to 100.7 in December from a slightly downwardly revised 104.6 in November but is 6.1 percent above December 2013 (94.9). Despite last months decline (the largest since December 2013 at 5.8 percent), the index experienced... More
