Feb 1, 2021 - Economy & Business

New home prices hit record high at end of 2020

Data: Census Bureau; Chart: Axios Visuals
Data: Census Bureau; Chart: Axios Visuals

The number of new homes sold in the U.S. reached its highest since 2006 last year, at 811,000, which is an 18.8% increase over 2019, the Commerce Department estimated.

The big picture: In December, new-home sales rose for the first time in five months, with the median price of a home reaching an all-time high of $355,900.

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