Following April's sharp 6.3% increase in US pending home sales, WestLB looks for a backlash in May to the tune of minus 2.5%. The bank anticipates that construction has not yet passed its nadir and so the data will disappoint Tuesday, and in the months ahead. May pending home sales data are released at 1400 GMT and the DJN/CNBC forecast is for a 2.8% drop
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