Pending Home Sales decreased 7.6% to 90.4,against expectations of an increase of 1.5%. The Pending Home Sales Index had increased 0.8% in December to an index value of 97.8, following a 16% decrease in November. The index was 12.3% higher than January 2009, when it was 80.5.
Factory Orders increased 1.7%, matching expectations, to $378.4 billion in January. This followed a 1.5% increase in December to $372.2 billion. Factory orders have been up nine of the last ten months. Transportation equipment, up four of the last five months, had the largest increase, 15% to $44.6 billion.
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Unemployment Rate (03/05 at 8:30 AM EST)
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