Steel Markets
January 24, 2018
Home Sales Slip in December; Supply Lowest Since 1999
Written by Sandy Williams
Sales of existing homes slowed last month, reports the National Association of Realtors. Existing home sales slipped 3.6 percent in December to a seasonally adjusted annual rate of 5.57 million, down from November’s revised rate of 5.78 million. Single-family home sales were down 2.6 percent, while condo sales fell 11.6 percent.
Sales for 2017 totaled 5.51 million, a 1.1 percent increase from 2016 and the highest sales pace since 6.48 million in 2006.
