Pending sales are a key indicator of future sales and they were marginally lower, but it was not as large of a drop as in past months. The average 3-month pending new home sales in the four largest Texas new home markets in September was 6,543 versus 6,575 in August (a difference of just 32 homes). It is the 5th straight month that the average pending sales number was lower.
Pending sales are a key indicator of future sales and they were marginally lower, but it was not as large of a drop as in past months. The average 3-month pending new home sales in the four largest Texas new home markets in September was 6,543 versus 6,575 in August (a difference of just 32 homes). It is the 5th straight month that the average pending sales number was lower.