The National Association of Realtors (NAR) recently reported existing home sales in December 2020 reached their highest level since 2006. Total existing home sales rose to a seasonally-adjusted rate of 6.76 million in December 2020. According to the NAR, sales in total rose year-over-year, up 22.2% from a year ago (5.53 million in December 2019). Additionally, unsold housing inventory now sits at an all-time low of a 1.9-month supply, down from 2.3 months in November.
Principia conducts a wide range of secondary research including macroeconomic data, such as home sales, put-in-place spending, and new residential construction starts. Principia updates macroeconomic data regularly and publishes the data for subscribers in an online, interactive dashboard format. Contact us today to learn more.