The U.S. Census Bureau reported that new residential single-family home sales for June 2021 were at a SAAR of 676,000, according to estimates. This is -6.6% below the revised May rate of 724,000 and is -19.4% below the June 2020 estimate of 839,000. The seasonally adjusted estimates of new houses for sales at the end of June was 353,000. This represents a 6.3 months’ supply based on the current rate of sales. The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700.
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.