Steel Markets
January 28, 2020
2019 Best Year for New Home Sales Since Recession
Written by Sandy Williams
New home sales were essentially flat in December, edging down 0.4 percent from November to a seasonally adjusted annual rate of 694,000, according the latest data by the U.S. Census Bureau and the Department of Housing and Urban Development. Compared to December 2018, sales increased 23.0 percent.
Sales for the full year, however, rose 10 percent to an estimated 681,000 units, making it the best year for new home sales since the Great Recession, said National Association of Home Builders Chief Economist Robert Dietz.
