Managing Growth and 2020 Highlights
0.0
0.2
0.4
0.6
0.8
1.2
Housing Market Conditions
Strong recovery in new home sales and SF starts beginning in late April 2020
New home sales of 811,000 in 2020 - up 18% from 2019
SF starts increased 12% to 991,000 in 2020 and SAAR was up 41% Y/Y in March 2021
US New Single-Family Home Sales
Millions
1.4
1.0
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
10
Note: SF permits and starts are higher because they include custom homes built by the land owner for their own use.
*Cur. mo. SA = Current month (seasonally adjusted annual rate)
Source: Census Bureau, John Bums Real Estate Consulting, LLC forecasts (Data: Dec-20, Pub: Feb-21)
1999
2000
2001
2002
2003
2004
2005
2006
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Cur. mo. SA*
842K (SAAR)
2021P
910K
2022P
1030K
2023P
1150K
2024P
1275K
2007
2008
M/I HOMESView entire presentation