On Friday (9-24-21), the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced that new residential single-family home sales for August 2021 were at a SAAR of 740,000, according to estimates. This is 1.5% above the revised July rate of 729,000 but is -24.3% below the August 2020 estimate of 977,000.
The seasonally adjusted estimates of new houses for sales at the end of August was 378,000. This represents a 6.1 months’ supply based on the current rate of sales.
The median sales price of new houses sold in August 2021 was $390,900. The average sales price was $443,200.
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.
MONTHLY NEW RESIDENTIAL SALES, AUGUST 2021