Existing U.S. home sales rose in December, with total home sales in 2020 reaching their highest level since 2006. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December.
The National Association of Home Builders latest Remodeling Market Index (RMI) for the fourth quarter of 2020 posting a reading of 79. The finding is a signal of residential remodelers' strong confidence in their markets, for projects of all sizes.
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, while U.S. housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production.
ATTOM Data Solutions' fourth-quarter 2020 Special Coronavirus Report revealed this week county-level housing markets around the United States that are more or less vulnerable to the impact of the virus pandemic.
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