Interesting USA Housing Statistics
We’ll begin by giving you an overview of some of the most interesting USA housing statistics from NAR.
• Home sales in the USA have consistently fallen in February, March and April 2022 to an annual rate of 5.61 million.
• Sales in the USA were down 2.4% from March to April 2022 (for the third month in a row).
• Annual sales from 2021 to 2022 were down approximately 6%.
• March 2022 saw an increase in pending house sales’ contracts in the Northeast of the USA but fell in other areas of the country.
• In 2021, 65% of Americans own their own homes. In 2004, 70% of Americans owned their own homes. In 2016, 63% of Americans owned their own homes.
• The amount of single-family building permits in the USA is approximately 862,000 and this is rising but in 2005, it was significantly larger at 1.7 million.
• There are currently approximately 1.12 million housing units for sale in the USA.
• The average new build in the USA is approximately $385,000 which is almost the exact same as 2021, when the figure was £384,900.
• A third of all homes in the USA range between $50,000 and $175,000.
• The quantity of new homes acquired through conventional loans equates to approximately $470,000.
• The most affordable area to buy a home in the USA is Des Moines in Iowa.
• The national median cost of a home is $300,000.
• The average time a house spends on the market is approximately 66 days.