Research and Statistics

Housing Indicators

Sales (March)	Median price	Housing Starts (March)	New Home Sales (Feb.)
6.01 million units*	$329,100	1,739,000*	775,000*

*seasonally adjusted annual rate

Quarterly U.S. Economic Forecast (PDF: 178 KB)
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Latest Research Reports

Repurposing Vacant Hotels into Multifamily Housing

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The conversion of vacant hotels/motels is a win-win solution to address the underutilization of hotels/motels and help alleviate the housing shortage.

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April 2021 Commercial Market Trends and Outlook

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The commercial real estate market is recovering but remains weak compared to conditions before the COVID-19 pandemic.

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REALTORS® Land Market Survey

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While the COVID-19 pandemic battered the commercial real estate market in 2020, the land market held up to the pandemic's severe blow.

Map: Top Ten Markets During and Post COVID-19

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Infographic: March 2021 Pending-Home Sales

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March 2021 Existing and Pending Home Sales

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March home sales were up 12% from March 2020. However, momentum appears to be slowing, and inventory levels are insufficient.

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Existing-Home Sales

-3.7%

Month-over-month, existing-home sales fell in all major regions of the country, but were up 12.3% year-over-year. The median existing-home sales price hit a historic high of $329,100.

Existing-Home Sales data

Pending Home Sales

+1.9%

All but one of the four major U.S. regions experienced month-over-month gains in March, while each area recorded year-over-year growth.

Pending Home Sales data

NAR Statistical News Release Schedule

All releases at 10:00 a.m. Eastern Time.
May 11: 1st Qtr. Metro Home Prices
May 21: April Existing-Home Sales
May 27: April Pending Home Sales Index
June 22: May Existing-Home Sales
June 30: May Pending Home Sales Index
July 22: June Existing-Home Sales
July 29: June Pending Home Sales Index

Full News Release Schedule

Latest News

Young woman wearing a mask shopping in a clothing store

U.S. advance estimates of retail and food service sales for April 2021 essentially remained unchanged from March 2021. Consumer retail spending recorded a seasonally adjusted total of $619.9 billion in April.

NAR did a research study on the conversion of vacant hotels/motels into multifamily housing to draw some insights and best practices.

After recording the quickest recovery in the nation's history in the wake of the COVID-19 pandemic, the U.S. economy is expected to kick into higher gear in 2021.

Mortgage rates dropped further this week although the 10-year Treasury yield rose in response to higher inflation. Specifically, the 30-year fixed rate mortgage fell to 2.94% from 2.96% the previous week.

These slides were presented by NAR Chief Economist Lawrence Yun at the virtual Residential Economic Issues & Trends Forum on May 13, 2021, as part of the 2021 REALTORS® Legislative Meetings & Trade Expo.