Home sales in the United States ended 2021 at a slower pace in December, but annual sales activity for the entire year hit its highest level since 2006.
- Existing home sales dropped 4.6% to a seasonally adjusted 6.18 million units in December from a prior month. November existing-home sales were revised slightly down to 6.46 million from 6.48 million.
- The number of unit sales dropped 7.1% from the same month last year. The figures were far worse than analysts’ estimates of a 0.5% month-over-month fall to 6.43 million units.
- For the full year, there were 6.12 million units sold in 2021, an increase of 8.5% from a year earlier when activity rose due to pent up demand from pandemic lockdowns.
Lawrence Yun, NAR’s chief economist, stated that December posted a recovery in sales, but the pullback was an indicator of supply chain constraints than a signal of a deteriorated demand for housing.
DXY down -0.03%, EUR USD down -0.08%Source: National Association of Realtors