The National Association of Realtors® (NAR) has reported that total existing-home sales, which includes single-family homes, condominiums, co-op and townhouses fell 1.3% in January when compared to December 2019, to a SAAR of 5.46 million. Significant declines in the West region dragged down nationwide numbers, with the other three major U.S. regions reporting marginal – or no – changes last month.
However, for the second straight month, overall sales substantially increased year-over-year, up 9.6% from a year ago (4.98 million in January 2019).
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Existing-Home Sales Drop 1.3% in January