New home price index
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.