The Housing Industry Economic Chart Pack reveals the historical trends in housing activity since 1959, the monthly activity of the recovery from the 2009 housing recession, and the impact of the COVID-19 shutdown of the U.S. economy since March 16, 2020.
Home sales increased 16.6% in May 2020 to 676,000 surpassing all expectations. Existing homes sales have fallen both in April and May, down a total of 25.8% since March, which was down 8.5% from February's annual rate of sales.
Charles C. Shinn, Jr., Ph.D.
President, Builder Partnerships / The Shinn Group
Updated: June 24, 2020