Pending Home Sales Increase 4.0% in August

Oct 1, 2025

Pending home sales increased 4.0% from July to August and increased 3.8% from August 2024, according to the National Association of Realtors Pending Home Sales report.

On a regional month-over-month breakdown, the Northeast Pending Home Sales Index decreased 1.1%, the Midwest increased 8.7%, the South increased 3.1% and the West increased 0.5%.

“Lower mortgage rates are enabling more homebuyers to go under contract,” NAR Chief Economist Lawrence Yun said in a statement. “In the Midwest, low mortgage rates combined with high levels of affordability are attracting more buyers compared to other regions.”

Read the full report here.

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Residential Building Materials Hit Highest Prices in Over Three Years

Wholesale prices for building materials used in residential construction climbed 4.4% year-over-year in May, the strongest yearly increase since January 2023, according to the National Association of Home Builders’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data.

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New Chicago-Area Distributor Aims to Support Wood Floor Community

A new Chicago-area flooring supplies distributor, DOM Flooring Supplies (Elk Grove Village, Ill.), hosted demonstration days at its store, May 20–21. The event marks one of many, as Owner Damien Janaszek says he plans to build a community and bolster education around the wood flooring industry.

Owner Damien Janaszek wants DOM's showroom and warehouse to be a place contractors feel comfortable stopping by and asking for help.

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Existing Home Sales Increase as More First-Time Buyers Enter Market

Total existing home sales increased 3.2% to a seasonally adjusted annual rate of 4.17 million in May, the highest rate since December 2025 but still historically low, according to the National Association of Realtors and the National Association of Home Builders.

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Zillow: Home Seller Activity Falls Year-Over-Year as Mortgage Rates Climb

May home sales rose 4.8% month-over-month to 341,929, but stood 2.9% lower than last year as new listings decreased 0.8% month-over-month and fell 4.1% year-over-year to 422,956, according to Zillow’s May market report.

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