Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

US Existing-Home Sales Jump to 15-Year High Despite December Decline

0
Beautiful young businesswoman holding euros bills and house model over white - real estate loan concept

Existing-home sales in the United States climbed to a 15-year high in 2021, even as figures posted a decline in the last month of the year.

Source: National Association of Realtors

XHB is up 0.89%.

Existing-home sales slowed to 6.18 million in December on a seasonally adjusted annualized rate, marking a 4.6% decline from November. Sales fell by 7.1% year-on-year from 6.65 million in December 2020.

NAR Chief Economist attributed the December decline to the supply constraints rather than an indication of a weakened demand for housing. Total inventory at the end of December stood at 910,000 units, down 18.0% from November and 14.2% from 2020.

The median price for all housing types increased 15.8% to $358,000, marking the 118th straight month of year-on-year increases. Prices grew in all the regions, with the south recording the highest pace.

Existing-home sales for the year totaled 6.12 million, up 8.5% from the previous year and the biggest annual level since 2006.

fxcoach

Manufacturing Activity Opens 2022 With Modest Rebound

Previous article

New York Mayor Adams Gets First Paycheck in Crypto Form

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News