Jan
30

Struggling Sales

US new home sales fell to an annual rate of 694,000 in 12/19; a mildly disappointing end to a dismal decade which saw single-family new-homes sales average just 484,000/year. In the prior decade (2000-2009), single-family sales averaged 901,000, in the 1990s they were 700,000/year, in the 1980s 610,000/year, in the 1970s 656,000/year and in the 1960s 512,000/year. That said, 2019 sales topped 2018 sales by 10.3%.

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