Sales of new single-family houses in the US for April 2021 were at a seasonally adjusted annual rate of 863,000. This is down -6% from the revised March 2021 rate of 917,000 and again up an amazing +48% compared to the April 2020 rate, which was at a revised rate of 582,000.
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In the week ending May 14, 2021 the wholesaler price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr was US$1,650 mfbm. This is up by +$90, or +5%, from the previous week when it was $1,550.
At the current sales pace in April it would take 4.4 months to clear the supply of houses on the market, up from 3.6 months in March.
After dropping somewhat last month, the median sales price of new houses sold in April 2021 jumped significantly, to US$372,400, from $330,800 in March 2021.
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