New home price index has risen sharply in 2021
- Prior +0.8%
- NHPI 0.2% versus 1.0% estimate
- slowest pace since June 2020
- prices rose 11.6% year over year
- prices were up in 16 of 27 metropolitan areas, unchanged and 10 and down one in another
For the calendar year, new home prices rose 10.3% in 2021 compared to +2.1% in 2020. The gain in 2021 was the largest since 1989. Prices for new homes grew 7.1% in the first half of the year and 3.1% in the second half of the year.
The trend new home prices is sharply to the upside. Good for Adam, but is it sustainable? One CLICK HERE for the full report.
