US pending home sales rose 8.1% in January. At the same time, pending home sales declined -22.4% on a year-over-year (YoY) basis.
So, YoY pending home sales growth has been negative for 19 of the last 20 months.
.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg?w=750" sizes="(max-width: 750px) 100vw, 750px" srcset="https://confoundedinterestnet.files.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg 750w, https://confoundedinterestnet.files.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg?w=113 113w, https://confoundedinterestnet.files.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg?w=225 225w" alt="" data-attachment-id="32056" data-permalink="https://confoundedinterest.net/2023/01/19/us-housing-starts-plunge-21-8-since-last-december-but-1-unit-starts-up-11-26-since-november/scream-3/" data-orig-file="https://confoundedinterestnet.files.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg" data-orig-size="750,1000" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"AP","camera":"","caption":"This version of <em>The Scream<\/em> is one of four made by Edvard Munch, and the only one outside Norway. It is coming up for auction at Sotheby's in New York.","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"scream","orientation":"0"}" data-image-title="scream" data-image-description="" data-image-caption="<p>This version of <em>The Scream</em> is one of four made by Edvard Munch, and the only one outside Norway. It is coming up for auction at Sotheby’s in New York.</p>
" data-medium-file="https://confoundedinterestnet.files.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg?w=225" data-large-file="https://confoundedinterestnet.files.wordpress.com/2023/01/scream_custom-9ef574d2014bd441879317ecf242ad060e34e743-s1100-c50-1.jpg?w=750" />
