New Residential Home Sales up Month-Over-Month but Down Year-Over-Year in November 2021

Original Source:
MONTHLY NEW RESIDENTIAL SALES, NOVEMBER 2021

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Thursday (12-23-21) that new residential single-family home sales for November 2021 were at a SAAR of 744,000, according to estimates. This is 12.4% above the revised October rate of 662,000 but is -14.0% below the November 2020 estimate of 865,000.

The seasonally adjusted estimate of new houses for sale at the end of November was 402,000. This represents a supply of 6.5 months at the current sales rate.

The median sales price of new houses sold in November 2021 was $416,900. The average sales price was $481,700.


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.