புதியது குடியிருப்பு விற்பனை வரலாற்று News Today : Breaking News, Live Updates & Top Stories | Vimarsana
New Home Sales Market Cap Sees First Rise Since December 2020
townhall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townhall.com Daily Mail and Mail on Sunday newspapers.
Booming New Home Market Has Been Shrinking
townhall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townhall.com Daily Mail and Mail on Sunday newspapers.
New Home Prices Rising Faster Than Household Income
Share
Share
Trending
If you ve been paying attention to home prices, this isn t news, but new homes are becoming less affordable for the typical American household.
In March 2020, the price of the typical new home sold in the U.S. rose to be 5.14 times the typical income of an American household.
Historically, there have been two periods where new homes have been more unaffordable with respect to median household income. The first was at the peak of the housing bubble in 2006. The second is the period from 2014 through 2018.
We anticipate the rise in the relative affordability ratio will decelerate because the supply of new homes being sold in the U.S. is rising rapidly, with the overall number now at levels last seen during the early part of the Dot-Com Bubble.
U.S. New Home Market Cap Nearing 2005 Peak
Share
Share
Trending
In August 2005, the market capitalization of the new home market peaked at $31.05 billion, going by the trailing twelve month average for this figure.
In January 2021, fueled by a surge in demand by Americans fleeing coronavirus pandemic lockdown restrictions and amplified by sustained breakdowns of public order in large cities in the U.S., the market cap of the new home market reached $30.32 billion, just 2.4% shy of the housing market s previous nominal peak.
Since January 2021 however, the trailing twelve month average market cap for new homes in the U.S. has fallen somewhat, dropping to $29.91 billion in the initial estimate for March 2021, as the supply of new homes sold has increased while the average price of new homes sold in the U.S. has dipped from a six-year high in January 2021.