Steel Markets
December 22, 2021
Existing-Home Sales Gain Ground in November
Written by David Schollaert
Existing-home sales expanded for the third straight month in November, reported the National Association of Realtors. Of the four major U.S. regions, only the Northeast didn’t register a month-on-month gain, holding flat versus October. The Midwest ticked up 0.7%, the South grew by 2.9%, while the West rose by 2.3% in November when compared to the prior month. Year to date, however, only the South region posted an increase in sales, up 1.1%.
November sales grew 1.9% from October to a seasonally adjusted annual rate of 6.46 million. Total registered sales of 6.59 million were down, though, by 2.0% from a year ago.
