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Economic Indicators Industry Forecasts Industry Statistics

Existing-Home Sales Rose 11.9% in December

Existing-Home Sales Rose 11.9% in December

January 26, 2022 from Floor Focus FloorDaily News

Washington, DC, January 26, 2022 – Sales of new single‐family houses in December 2021 were at a seasonally adjusted annual rate of 811,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 11.9% above the revised November rate of 725,000 but 14.0% below the December 2020 estimate of 943,000.

An estimated 762,000 new homes were sold in 2021. This is 7.3% below the 2020 figure of 822,000.

The median sales price of new houses sold in December 2021 was $377,700. The average sales price was $457,300.

The seasonally‐adjusted estimate of new houses for sale at the end of December was 403,000. This represents a supply of 6.0 months at the current sales rate.

Related Topics:U.S. Census Bureau

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.