US housing market activity may be resurging: Pending-home sales jumped +3.3% MoM in November, well above expectations of +0.9% increase. This marks the 4th-consecutive monthly gain, matching the longest streak seen during the 2020 pandemic. Contract signings improved across every US region last month to their highest levels of 2025. The West posted the largest increase, followed by the South, the nation’s largest home-selling region. As a result, the Pending Home Sales Index is up to 79.2 points, the highest since February 2023. Homebuyer activity is regaining traction.