The National Federation of Real Estate Developers index, which measures the movement of deferred sales, rose by 2 percent during the past month, to reach 77.4 points, after rising to 75.9 points during the previous month, according to the revised data.
Analysts had expected the index to decline by only 1.3 percent.
The deferred housing sales index continued America It rose for the third month in a row, reaching its highest level since it recorded 78.3 points last March.
It is noteworthy that deferred sales are those in which an initial contract is signed between the two parties without completing the deal, which usually takes place within a period of 4 to 6 weeks from signing the contract.
