Principia is publishing an infographic series highlighting different macroeconomic indicators from 2020 relevant to the construction industry. Part 4 features existing home sales in 2020.
Existing home demand surged in 2020, as homeowners searched to find new homes. Single family home sales were up 15% for December 2020 compared to December 2019. Existing home sales also reached the highest level since 2006, according to The National Association of Realtors. The sale of an existing home typically triggers home remodeling projects, either by the seller seeking to improve the likelihood of the sale or by the buyer looking to update to their aesthetic preferences
The next infographic in the series will focus on existing home sales.
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.