*SCALPSWINGSTRADDLE*

[Zephyr]

Pending Home Sales Index
Released On 5/29/2014 10:00:00 AM For Apr, 2014
Prior Prior Revised Consensus Consensus Range Actual
Pending Home Sales Index - Level 97.4 97.4 97.8
Pending Home Sales Index - M/M 3.4 % 3.4 % 1.0 % -0.5 % to 4.2 % 0.4 %
Highlights
Pending home sales rose 0.4 percent in April, building slightly on top of March's 3.4 percent surge and offering a positive indication for final sales of existing homes. April's gain is narrow however, centered almost entirely in the Midwest where contract signings rose 5.0 percent. Both the South and West, two very closely followed regions, fell slightly in the month.

The housing sector is getting a lift not only from spring weather following the unusually heavy winter but also from the dip underway in mortgage rates and the rise underway in supply as more homes come onto the market.