• Existing home sales rose 9.4% in September, and the seasonally adjusted annual rate of 6.54 million units was almost 21% stronger than it was in September 2019. Year-to-date, sales in 2020 lag sales through the first nine months of 2019 by 0.2%.1
  • The inventory of existing homes on the market stood at 1.47 million units at the end of September, 19.2% lower than the year-ago inventory level. Of the existing homes sold in September, 71% were on the market for less than one month.1
  • Housing starts climbed 1.9% in September to a seasonally adjusted annual rate of 1.415 million units, its fourth increase in the past five months. Year-to-date, starts are 5.5% ahead of starts through the first nine months of 2019.2
  • Single-family starts jumped 8.5% to 1.1 million units, its best monthly performance since June 2007. On a year-to-date basis, single-family starts are running 6.2% ahead of last year’s pace.2

Read More:  Wells Fargo Keeping Current 10.23.2020

Leave a Reply

Your email address will not be published.