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It's not only pending home sales that are looking a lot better.
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December pending home sales data will come later in the morning.
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The increase in pending home sales for March also was revised marginally upward.
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April U.S. pending home sales will be released at 1400 GMT.
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We got wind of this from data on pending home sales.
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Last month, pending home sales rose in all four regions.
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A rise in pending home sales also helped bolster stocks.
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An unexpected rise in pending home sales in February evoked little discernible market reaction.
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On the same day, pending home sales index data is scheduled to be released.
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The Chicago Purchasing Managers Index and pending home sales data are due on Thursday.
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Economists polled by Reuters had forecast pending home sales to be flat in March.
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The rise in pending home contracts suggested a modest gain in September existing home sales.
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Last week, the NAR said pending home sales had matched a two-year high in May.
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It's fair to say that U.S. pending home sales in April blew the roof off.
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The drop in sales was surprising given that pending home sales contracts rebounded in May.
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The National Association of Realtors also said pending home sales rose for a second straight month.
