New Single-Family Residential Home Sales Increase in December 2020 and Year-Over-Year

Original Source:
MONTHLY NEW RESIDENTIAL SALES, DECEMBER 2020
The U.S. Census Bureau has reported new residential single-family home sales for December 2020 were at a SAAR of 842,000, according to estimates. This is 1.6% above the revised November rate of 829,000, but is 15.2% above the December 2019 estimate. An estimated 811,000 new homes were sold in 2020. This is 18.8% above the 2019 figure of 683,000. The median sales price of a new house sold in December 202 was $ 355,900. The average sales price was $ 394.900. The seasonally-adjusted estimate of new houses for sale at the end of December was 302,000. This represents a 4.3 months supply based on the current rate of sales.

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.