With new home sales data in for December, there were 239,000 more home sales (non-seasonally adjusted) for the full year than we saw in 2013, which makes 2015 the best year for home sales since 2007.
Existing-home sales increased 14.7 percent from the previous month to a seasonally adjusted annual rate of 5.46 million in December. New home sales rose 10.8 percent last month to a seasonally adjusted annual rate of 544,000 units.
For 2015, existing home sales were up 3 percent, and new home sales were up 16 percent compared to 2013 through December on a non-seasonally adjusted basis. During that time, Freddie Mac's home purchase volume increased by nearly 35 percent.
With mortgage rates looking very favorable right now, we expect home sales to carry this momentum forward in 2016.
Want to receive our weekly blog round up? Subscribe at the right - and each Friday we'll send you our latest blog posts.
- Feedback
Have a comment or question about this post? Email us to let us know what's on your mind.
Recent Posts
Insights from Company Leaders
Bright Lights in Nashville Point to Multifamily's Future
Last month, Freddie Mac Multifamily and our partners in the industry made our way to Nashville for the 2018 Freddie Mac Multifamily annual conference in Tennessee.
EVP Head of Multifamily Business
Transcript: Freddie Mac CEO Donald H. Layton Discusses Third Quarter Financial Results
Freddie Mac is performing exceptionally well. Our company's financial performance is very strong and we're fully supporting our mission of creating liquidity, stability and affordability.
CEO
A New Solution to an Old Problem: Making it Easier for the Self-Employed to Get a Mortgage
Amid the backdrop of rising interest rates and declining origination volume, lenders need a leg up to cast a wider net for borrowers, including the self-employed.
VP Loan Advisor Suite℠
Persistent Problems Require an Innovative Approach
Innovation is often born out of challenge. In fact, many of the most famous innovations in our history were in response to a challenge.
