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Our initial estimate of the overall market capitalization of the U.S. new home market for December 2021 is $26.14 billion. That figure is 13.2% below the December 2020 peak of $30.12 billion.
For December 2021, the number of new home sales rose slightly from the previous month, breaking what had been a steady decline.
Also, the average sale price of the new homes sold declined for the month, confirming the reversal of what had been a rising trend in recent months.