The National Association of Realtors released their latest pending home sales index. The results were much better than what most had assumed it would be. This index tracks the contract signings for the purchase of a previously owned home and the index was up by 5.5%. This is the highest level reached since April of 2014 and the second highest level seen since May of 2006.
This can be interpreted as yet another positive sign in the economy. As a general rule, as the economy improves, so does the jobs market.