FX.co ★ U.S. Pending Home Sales Slide Again in July, but Pace of Decline Eases

Pending home sales in the United States fell 2.3% month-over-month in July 2026, according to data updated on 18 August 2026, marking a second consecutive monthly decline but a smaller drop than in June. In the previous month, June 2026, pending home sales had slumped by 4.8% compared with May, indicating that while contract activity remains under pressure, the rate of contraction has moderated.

The July reading, measured on a month-over-month basis, reflects a continued cooling in signed contracts for existing homes, though the less severe decline versus June suggests some stabilization at lower activity levels. The comparison framework shows July’s result as the change from June, whereas the June figure captured the change from May, highlighting a sequential improvement in momentum even as overall demand remains soft. Investors and housing-market watchers will now be looking for whether this slower pace of decline can transition into a flat or positive trend in the months ahead.