The following is the The impact of covid-19 on American housing market From Translation recommended by recordtrend.com. And this article belongs to the classification: Commercial real estate, Investment & Economy, research report.
New cases of cowid-19 will continue to pose significant resistance to the U.S. economy in 2021. The closing rate of enterprises is still very high, consumers are uncertain about the future, and the economic growth of the whole industry is slowing down and extremely unbalanced. Liquidity has stagnated and consumer spending in some areas has begun to fall. But the U.S. housing market is on fire.
Data show that in 2020, the U.S. real estate market has achieved considerable growth. Sales of new and existing homes fell by a quarter as a result of the pandemic, but have since rebounded. Sales of new homes increased by 33.9% over the third quarter of 2019, while sales of existing homes increased by 13.2%.
Housing starts last winter were the highest since 2006. There is a lot of activity on the market, and there are early signs that it may continue into the month. Realtor.com Pending sales are up about 40.3% from last year, according to the report.
This is the first double-digit year-on-year growth in the US real estate market since mid-2019, so people are full of optimism.
The report also surveys the proportion of consumers who plan to buy homes over the next six months to measure future home buying activity. In the first quarter, U.S. consumers planning to buy homes in the first six months of 2020 reached a record level. Another thing to note is that in the last two quarters, these figures have declined, indicating that people’s intention to buy houses in the future has declined.
According to the latest news reports, people are fleeing the city and moving to more suburban and rural areas. The survey of real estate agents did show a change in people’s preferences in cowid-19, with most people wanting to see houses in rural and suburban areas. However, the share of views on houses for sale involving rural, suburban and urban areas has virtually remained unchanged.
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.