Quikrete Industry Dashboard
Existing home sales gained in December and stocks continued to show year-over-year gain on the latest, updated Quikrete Industry Dashboard.
In December 2024, existing-home sales rose to a seasonally adjusted rate of 4.24 million, the strongest pace since February (4.38 million), according to data from the National Association of Realtors. Sales grew 9.3% from one year ago, the largest year-over-year gain since June 2021 (+23.0%).
“Home sales in the final months of the year showed solid recovery despite elevated mortgage rates,” said NAR Chief Economist Lawrence Yun. “Home sales during the winter are typically softer than the spring and summer, but momentum is rising with sales climbing year-over-year for three straight months. Consumers clearly understand the long-term benefits of homeownership. Job and wage gains, along with increased inventory, are positively impacting the market.”
Meanwhile, the median existing-home price3 for all housing types in December was $404,400, up 6.0% from one year ago ($381,400). All four U.S. regions posted price increases.
Elsewhere on the Quikrete Industry Dashboard, stocks are up for the year, none moreso than Beacon Roofing Supply, which has been the target of a takeover by QXO.
All 10 ticker symbols on Stock Roundup chart are up for the year, and seven are up for the month.
The housing-starts charts show slight increases for December. The January monthly new residential construction report from the U.S. Census Bureau is scheduled to be released on Feb. 19.