After climbing to record-level highs during the second half of last year, sales of new homes in the US retreated in January following a flurry of purchases at the end of 2021, according to Madison’s Lumber Reporter.
New home sales fell -4.5% to 801,000 units last month from 839,000 in December. Sales tumbled -19.3% from 993,000 units in January 2021.
Bild: Madison’s Lumber Reporter
The median price of a new home, however, was sharply up in January, to $423,300 from $395,500 the previous month. This is up a whopping +13.4% from a year earlier when it was $373,200.+
Bild: Madison’s Lumber Reporter
There were 406,000 new homes on the market in January, up from 394,000 in December and up from 302,000 in January 2021.
