U.S. Housing Market · 1970 · NBER recession

U.S. Housing Market in 1970

recession

New Home SalesCENSUS

485K

Existing SalesNAR

1.61M

Median PriceNAR

$23,000

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n/a

In 1970, the U.S. housing market recorded existing-home sales averaged 1.61 million and new-construction sales of 485K.

Existing-home sales rose 3.9% from 1969. the median existing-home price rose 5.5% to $23,000. The NBER classified at least part of the year as a U.S. recession.

By the numbers — 1970: new-home sales 485K, existing-home sales 1.61M, median existing price $23,000.

U.S. Housing Market in 1970

See also