Pending home sales disappoint

|By:, SA News Editor

The Spring housing bounce hasn't quite arrived as Pending Home Sales only edged higher in April, the 0.4% gain falling short of estimates of 1%. On a Y/Y basis, the Pending Home Sales Index of 97.8 is lower by 9.2%.

Up nicely in opening action, the ITB gives back some of those gains, now ahead by 0.3%.

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Other ETFs: XHB, PKB

Previously: Pending Home Sales rises 0.4%